Glencore/Xstrata’s Las Bambas Sale Meets Chinese Regulatory Requirements

Platts reported that Glencore/Xstrata’s (LON:GLEN) Las Bambas copper project in Peru has been put up for sale in line with Chinese regulatory requirements.

As quoted in the Platts report:

In accordance with the Merger Remedy Commitments made to the Ministry of Commerce of the Peoples’ Republic of China April 12, 2013 Glencore Xstrata today announces the commencement of a process to sell its entire interest in the Las Bambas copper mine project in Peru,” a statement read.

To view the whole Platts report, click here.