Thursday, 21 June 2012 22:10
One day before deadline, still no agreement in Codelco/Anglo American case.
Codelco, Chile’s state-owned copper mining company, will ask the Chilean court to set back the deadline for the negotiations with British-owned Anglo American, which are due to end on Friday. The court can extend them a maximum of two more months.
"I would leave it as a small positive," Dominic O'Kane, mining analyst with Liberum Capital in London, told Reuters
. "If they were miles apart, talks would have broken down immediately."
The dispute, which centers on Codelco’s option to purchase 49 percent of Anglo American’s South American subsidiary, Anglo American Sur, has been tied up in court since October of last year.Login to read more.
About the writer
Maria Giulia Agostini
Born in the middle of the Italian countryside, Maria moved to Dublin where she is now studying economics and political science at Trinity College Dublin. Before moving to Santiago in May 2012, she spent a year in Paris on an exchange at Sciences Po Paris. She is currently interning at an international organization, and is very happy to wake up every morning and have breakfast while looking at the Andes.