Anglo American and Codelco extend talks again
Mining firms Anglo American and Codelco have agreed to extends talks for a second time over the disputed ownership of Anglo American Sur.
Mining firms Anglo American and Codelco have agreed to extends talks for a second time over the disputed ownership of Anglo American Sur.
Global mining giant Anglo and Chilean copper miner Codelco both requested the continued suspension of their legal proceedings until August 24th, 2012 at the 14th Civil Court of Santiago to allow talks to continue.
The discussions between Anglo American and Codelco are confidential and no comment will be provided in relation to speculation about the content of those discussions, the statement said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The two companies have been at loggerheads over Anglo American Sur since late in 2011, when Codelco indicated it wanted to exercise an option to buy 49% of the Anglo American subsidiary. Anglo American responded by filing a legal complaint against Codelco for breach of contract seeking the termination of the option agreement and damages, claiming Codelco's attempt to exercise its option was premature and illegitimate. Codelco's move was triggered by Anglo's decision to sell 24.5% of Anglo American Sur to Mitsubishi.
On May 22nd of this year Anglo American and Codelco agreed to talks and suspension of legal proceedings.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is a trust – and should you use it to avoid inheritance tax?
Trusts are surging in popularity as a way to avoid inheritance tax, according to financial advisers on the frontline of estate planning. We look at what trusts are and if they are right for you.
-
What will be the consequences of Donald Trump’s "One Big Beautiful Bill"?
The US president’s "One Big Beautiful Bill", an extraordinary mix of tax cuts and spending plans, has made it through both houses of the US Congress. What will be the consequences?