LONDON Glencore Xstrata Plc said numerous
international miners and investors have expressed interest in
buying its Las Bambas copper project in Peru.
The project is now formally up for sale, about three months
after Chinas ministry of commerce ordered the sale as a
condition for approving Glencores merger with Xstrata (
amm.com, April 16
A diverse group of international mining companies and
potential investors have expressed interest in the
project, Glencore said.
The company has appointed BMO Capital Markets Ltd and Credit
Suisse Securities (Europe) to act as financial advisors on the
In June, AMM
sister publication Metal
reported that Beijing-based Aluminum Corp. of
China (Chinalco) had expressed interest in buying the copper
amm.com, June 27
Las Bambas is a copper mine project located near Cusco in Peru
with over 10.5 million tonnes of copper resources.
The project is expected to start production in 2015.
A version of this article was first published in AMM sister
publication Metal Bulletin.