Glencore says strong interest from Chinese for Las Bambas
LONDON, Sept 10 (Reuters) - Glencore said on Tuesday it had received strong interest from three to four Chinese groups for its $5 billion-plus Las Bambas copper project in Peru, and that the first bids were due next week.
Ivan Glasenberg, Glencore chief executive, told reporters that the Chinese groups would likely be able to compete against each other.
Glencore agreed to sell the mine in return for Beijing's blessing for its $35 billion purchase of Xstrata.
Under a deal struck with Beijing's Ministry of Commerce in April, Glencore has until end-August 2014 to find a buyer.