MMG consortium picks three for jumbo $5.85bn

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MMG consortium picks three for jumbo $5.85bn

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BEIJING - JUNE 11: Tienanmen Gate (The Gate of Heavenly Peace), the main entrance to Forbidden City June 11, 2012 in Beijing, China | air - Fotolia

A three-member Chinese consortium is acquiring Las Bambas copper project in Peru from Glencore Xstrata, in an acquisition valued at $5.85bn and partly financed by a syndicated loan from Chinese banks.

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