Deals
Codelco Bids $500 Million for Stake in Key Chile Copper Mine
- Enami board to vote on offer to buy Quebrada Blanca stake
- Deal may help Codelco retain title of biggest copper supplier
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Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.
The proposal to acquire a 10% stake in the Quebrada Blanca mine from fellow state firm Enami is before the latter’s board, said the people, asking not to be named commenting on a deal that’s yet to be made public. La Tercera, a Chilean newspaper, reported in July an offer was in the works.