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4/13/14

U$5.85Bn: Las Bambas changes hands

Today Glencore Xstrata and China's Minmetals have nailed down their deal. The massive Las Bambas copper project in Peru is sold for U$5.85Bn (and all this time I was guessing $5.5Bn...how silly of me) and the whole charade is over. Details here in Spanish, or wait a while and you can read all you'll ever want to read on it in English tomorrow.