Mick Davis, Glencore among bidders for Anglo's Chile copper mines

miércoles 17 de junio de 2015 13:49 GYT

* Audley Capital also in the running

* Anglo American under pressure to sell non-core assets

* Mines worth around $500 mln- mining sources

By Silvia Antonioli and Freya Berry

LONDON, June 17 (Reuters) - Mining and trading company Glencore and X2, a vehicle set up by former Xstrata CEO Mick Davis, are among the companies that placed bids last week for two Anglo American copper mines in Chile, sources said this week.

British investment firm Audley Capital was also among the first round of bidders, the sources added.

The Mantos Blancos and Mantoverde copper mines in Chile together could fetch up to $1 billion, according to banking sources, but two mining sources familiar with the mines gave more conservative valuations of around $500 million or less.

"The deadline to submit the bids was a week ago and X2 is still in the running," a first banking source said. "Mick (Davis) seems keen on those assets."

An industry source said although Glencore was still in the process it was unlikely to make a high enough bid to win the assets.   Continuación...