Peru's Las Bambas copper mine sold; Chinese consortium buys mine from G encore for $5.85 billion

摘要

A CHINESE consortium purchased the Las Bambas copper mine in Peru from Glencore Xstrata for $5.85 billion Reuters reported. It is one of China's largest mining acquisitions in recent years. Glencore agreed to sell the mine as terms of an agreement with China to allow the merger of Glencore and Xstrata. China placed the demand on its approval of the merger because it feared the combined company would have too much control over the global copper market.