Codelco May Pay $3.5 Billion for Mine, Newspaper Says
(Corrects date on item.)
Codelco, engaged in a dispute with Anglo American Plc (AAL) over the world’s fifth-biggest copper mine, may pay $3.5 billion for a 30 percent stake, El Mercurio reported, citing people the newspaper didn’t identify.
Codelco originally planned to pay $10 billion for a 49 percent stake in Anglo Sur, which includes the Los Bronces operation, according to El Mercurio.
The companies are still in negotiations, the newspaper said.
To contact the reporter on this story: Alex Emery in Lima at firstname.lastname@example.org
To contact the editor responsible for this story: James Attwood at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.