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Anglo American, Codelco Finalize $5B Chile Copper Deal
24 Articles
24 Articles
Codelco and Anglo American reached a definitive agreement to develop a joint mining plan in their neighboring operations Los Bronzes and Andina, which will allow the release of an additional production of 2.7 million tons of copper over a 21-year period beginning in 2030.It was last February that both mining companies announced the signing of a memorandum of understanding (MoU) in which they made known the framework of an agreement that had been…
Anglo American, Codelco Enter Into $5B Copper Mine Deal
Anglo American said Tuesday that it has finalized a $5 billion agreement with Chilean state-owned Codelco to jointly operate their copper mines as it reaffirmed its commitment to the in-demand metal, days after reaching a $52 billion deal with Canada's Teck.
Anglo American, Codelco finalise $5 billion Chilean copper mines deal
Anglo American and Chilean state-run copper giant Codelco (COBRE.UL) said on Tuesday finalised an agreement to jointly operate their neighbouring Chilean copper mines, aiming to unlock at least $5 billion in value from their key assets.
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