Anglo sued by Codelco

COPPER giant Codelco set out its lawsuit against Anglo American yesterday, asking Chilean courts to enforce its disputed option to buy a 49 per cent stake in the miner’s south Chilean properties.

The move is the latest salvo in an increasingly bitter legal row, after Anglo last year announced it had sold a 24.5 per cent stake in the Anglo American Sur assets to Japan’s Mitsubishi.

Anglo said the sale halved Codelco’s option but denies any wrongdoing.