Codelco Pulls Trigger on Anglo American Assets

Codelco Pulls Trigger on Anglo American Assets

Chile M&A

Chilean state-owned copper producer Codelco has opted to exercise its option to buy 49% of the Anglo Sur mining complex, a group of Chilean mining projects owned by global miner Anglo American. The company can exercise its right to buy the stake, valued at $9.76bn, in January 2012. In preparation for a potential purchase, the copper miner secured a $6.75bn bridge loan earlier this month from Japan’s Mitsui and Co. Codelco originally bought the rights of purchase from fellow state-owned mine

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial