By
Reuters
Reuters
Published
Aug 10, 2009
Aug 10, 2009
Xstrata says receives offers for Chile mine stake
By
Reuters
Reuters
Published
Aug 10, 2009
Aug 10, 2009
LONDON (Reuters) - Miner Xstrata (XTA.L) said on Sunday 9 August it is in talks to possibly sell a major stake in a South America mining project.
Photo: REUTERS/Michael Buholzer |
The company, which is in a merger battle with peer Anglo American (AAL.L) said it has received expressions of interest in the "introduction of an additional partner into the El Morro copper-gold project in Chile, or the eventual sale of Xstrata's 70 percent interest."
It added it has not yet reached a decision on a possible sale and is evaluating the approaches.
A report in the Independent on Sunday 9 August said Chinese companies are particularly interested in the $700 million stake, quoting industry sources.
(Reporting by Lorraine Turner; Editing by Mike Nesbit)
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