Global miner Anglo American
Anglo American said Codelco sent it a letter on Monday saying it was ready to buy a smaller stake than the 49 percent stake it says it is eligible to buy. Anglo American had previously argued Codelco only had a right to buy a 24.5 percent stake after the sale of a similar-sized stake to Japan's Mitsubishi <8058.T>.
However, in December Anglo then filed a writ against Codelco accusing it of breach of contract and seeking to avoid the option altogether.
(Reporting By Simon Gardner; Editing by David Gregorio)