Anglo American and Codelco ink US$5 billion mining partnership
Chile News

Anglo American and Codelco ink US$5 billion mining partnership

UK-headquartered mining company Anglo American has enlisted Chilean firms Philippi Prietocarrizosa Ferrero DU & Uría (Chile), Fischer y Cía and Estudio Fermandois to enter into a US$5 billion partnership with Chile’s Codelco, through which the companies will jointly develop copper mines in central Chile.

PPU advised Anglo American on all aspects of the agreement, whilst Fischer y Cía provided tax counsel.

Carey guided Codelco in the deal.

The memorandum of understanding was signed on 19 February.