LONDON: Global miner Anglo American said it has sold a 24.5% stake in its southern Chilean properties to Japan's Mitsubishi Corp for US$5.39bil, undermining plans by Chile state copper giant Codelco to exercise an option to buy a major stake.
Codelco, the world's top copper producer, last month announced it planned to use its option to buy a 49% stake in Anglo American Sur (AAS), paying much less than perceived market value.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
