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Anglo American (ASX:AAL) has agreed to sell down its interest in the Quellaveco copper project in Peru, allowing partner Mitsubishi Corporation to lift its stake to 40% via a US$600 million transaction.
Anglo remains the majority holder of the Quellaveco copper project in Peru
Mitsubishi already owns 18.1% of the project and will acquire a further 21.9%, while Anglo will retain the remaining 60%.
Comes ahead of final approval for commercial production
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