April 13, 2014 / 5:35 PM / in 3 years

URGENT-Glencore Xstrata sells Las Bambas copper mine for $5.85 bln

1 Min Read

April 13 (Reuters) - Commodities trader Glencore Xstrata Plc has sold its entire interest in the Las Bambas copper mine in Peru for about $5.85 billion in cash.

Glencore said it had sold its interest to a consortium owned 62.5 percent by the Hong Kong-listed MMG Ltd, 22.5 percent by GUOXIN International Investment Corp Ltd and 15.0 percent by CITIC Metal Co Ltd.

Reporting by Karen Rebelo in Bangalore; Editing by Kevin Liffey

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