Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
China Minmetals
Breaking News
China Minmetals managing director Gu Liangmin said the company would be careful about their decision to buy the Las Bambas copper mine of Glencore-Xstrata.
Subscribe to VCpost newsletter
Most Popular
- Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff
- Xi Jinping Warns Dutch PM That 'No Force' Can Stop China's Technological Advancement Amid Export Restrictions
- Major AI Companies Unite to Create the World's First Artificial Superintelligence Alliance Worth $7.6 Billion
- Disney Investor Nelson Peltz Criticizes the Company’s 'Woke' Strategy, Questioning 'Black Panther' and 'The Marvels' Films
- Social Security Benefits to Increase for Some Seniors After Addressing Overpayment Issues
- Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees
- Disney, Florida Gov. Ron DeSantis' Allies Settle Lawsuit Over Disney World Special District, Ending Feud Over 'Don't Say Gay' Law
- North Korea Refuses Peace Talk With Japan Unless They Confront Their 'Brutal' History; Business Relations at Risk