Anglo can't sell 49 percent Chile asset stake - court

January 13, 2012 1:28 PM EST

A Chilean court on Friday said it had prohibited global miner Anglo American from selling a 49 percent stake in its south Chilean properties, amid a dispute with state copper giant Codelco over the assets.

Codelco earlier this month said it had exercised its long-standing option to buy a stake of that size, but Anglo pre-emptively sold a 24.5 percent stake from under it to Japan's Mitsubishi, plunging the mining titans into an increasingly bitter legal battle.

(Reporting By Erik Lopez; Editing by Marguerita Choy)

Follow us

Copyright 2012 Thomson Reuters UK. All rights reserved.
Sponsor Link:

We recommend

News From Partners

More from Finance

Join the Conversation

Popular Multimedia

IBTimes TV
More

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Most Viewed

1 2 3
  1. IMG TXT
    Facebook, Morgan Stanley, JPMorgan Chase and Goldman Sachs Sued Over Pre-IPO Analyst Calls
  2. IMG TXT
    Fashion Rio Opens with Latest Trends in Swimwear
  3. IMG TXT
    Video of Parents Locking Child in Washing Machine Goes Viral
  1. IMG TXT
    Taliban Poisons 120 School Girls in Latest Attack Against Education
  2. IMG TXT
    Police Use Batons Against Protesters, Including Women, in India
  3. IMG TXT
    Fired for Being Too Busty, Lingerie Temp Will Sue
  1. IMG TXT
    Jaguar Luxury Sedan XJ Ultimate Wows Chinese Crowd
  2. IMG TXT
    Facebook Shares Drop Sharply Again, Leaving More Unanswered Questions
  3. IMG TXT
    World Bank Forecasts Lower Growth For China in 2012
Most Read
  1. Spain's Bankia shares suspended: regulator
  2. Government plans migrant curbs if euro folds - paper
  3. Bankia, Catalonia pile on Spanish debt worries
  4. Bankia set to ask Spain for more than $19 billion
  5. Murdoch private eye targeted U.S. hedge fund boss

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit

Recommended for you
Close
  1. Spain's Bankia shares suspended: regulatorTrading in the securities of Spanish lender Bankia <BKIA.
  2. Government plans migrant curbs if euro folds - paperBritain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union...