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Chilean Government urges Codelco to avoid court battle with Anglo American

Cecilia Jamasmie | November 22, 2011
Chilean Minister of Mines Hernan Solminihac

Chilean Government urged state-owned copper producer Codelco and Anglo American Plc (AAL) to seek an out-of court resolution to a contractual dispute over the sale of a stake in Anglo’s mine and smelting assets in the country.
Codelco's Chief Executive Officer Diego Hernandez sai today in a public event that while the company is prepared to negotiate with Anglo, the starting point of any discussions would be to recognize Codelco’s right to the full 49 percent stake.