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Antofagasta Offers Chile Mining Stake to Marubeni

Dec 15, 2011

Chile’s Antofagasta has agreed to sell a 30% stake in the Antucoya copper venture to Japan’s Marubeni for $350m. The companies signed a memorandum of understanding which also commits Marubeni to cover its share...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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