Anglo American partner hits out

Anglo American’s Chilean partner Codelco has hit out again at Anglo’s deal to sell part of its stake in a shared project, claiming the firm intentionally undermined Codelco’s right to take a bigger part of the Anglo American Sur mine. Codelco claims that Anglo and buyer Mitsubishi had even made provision for Anglo to pay legal costs if Codelco did dispute the transaction. Anglo has insisted it had no obligation to give Codelco first refusal.