Jiangxi Copper also bidding for Peru mine

Earlier reports made it unclear whether Jiangxi Copper, China’s largest smelter of the metal, was still on the race to get hold of Glencore-Xstrata’s Las Bambas asset in Peru, but Peruvian media now quote mining minister Merino as asserting that they are indeed bidding. This means no less than three Chinese state-owned miners (Chinalco and Minmetals being the other two) will be competing for the project, worth perhaps $6bn.

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