ASIA-PACIFIC

摘要

China Development Bank has committed to arranging a syndicated facility to back a Chinese consortium's purchase of a copper mine in Peru from Glencore Xstrata. Bank of China and Industrial & Commercial Bank of China are expected to join CDB as mandated lead arrangers. Glencore Xstrata sold its interest in the Las Bambas copper mine in Peru to the Chinese consortium in a US$6bn cash deal, making it one of China's largest mining acquisitions in recent years. Hong Kong-listed mmg, the offshore arm of China Minmetals, leads the consortium with a 62.5% stake, while Hong Kong-based guoxin international investment corp and citic metal co own 22.5% and 15% respectively.