Glencore to Sell Copper Project

Glencore to Sell Copper Project

Peru M&A

A $5.2bn mining project is going on the block in Peru in the next three months, after Glencore was ordered to divest its stake to get regulatory approval for a merger with Xstrata. China’s commerce ministry approved the merger of the two mining firms provided Glencore divests its stake in the project, which is under construction. Chinese miners Jiangxi Copper, Chinalco Copper and China Minmetals are cited by one analyst as potential buyers. Chinalco has less incentive, because it already has a l

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