Anglo American plc announced the completion of its sale of a 24.5% interest in Anglo American Sur SA, comprising certain of Anglo American's copper assets in Chile, to Mitsubishi Corporation for US$5.39 billion.
Anglo American provided a further update on the situation in Chile. Affected copper mining operations - Los Bronces, El Soldado and Mantoverde - were able to resume full and safe production during Sunday when power was returned to all operations. It is expected that the Chagres smelter will resume full production by Wednesday following the resumption of full power supply. Lost copper production during the stoppage was limited to less than 1,500 tonnes. Minor damage was reported at Anglo American's copper mining operations.
Anglo American provided an update on its operations following the massive earthquake which struck Chile on Saturday. Due to the interruption of power supply, production was affected at four of the Company's copper operations in Chile - the Los Bronces, El Soldado and Mantoverde mines and the Chagres copper smelter. Power was partially restored to the operations during Saturday night and following detailed inspections production began to ramp up on Sunday. The affected mine operations produced 341,300 tonnes of copper in 2009, as part of Anglo American's total copper output of 669,800 tonnes for the year. Chagres
smelter production in 2009 was 137,700 tonnes of anodes.
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