The Los Bronces and Andina mines represent approximately 2% of global copper resources, with around 60mt of contained copper.

Anglo American (LON: AAL) and Chile’s state-owned Codelco have signed an agreement to jointly develop their neighbouring Los Bronces and Andina operations, a move that will see the partners ...

Under the agreement, expected to be announced as soon as Thursday morning, the companies will merge their operations at Codelco's Andina division and Anglo American's Los Bronces, the paper reported.

Anglo American added that a new operating company, jointly owned and controlled by AAS and Codelco, will coordinate ... Los Bronces and Andina present obvious and significant adjacency benefits ...

In a letter to the local regulator, Codelco said its board of directors approved a deal to operate its Andina mine alongside Anglo American's flagship Los Bronces mine in central Chile outside the ...

By joining forces at the Los Bronces and Andina mines, Anglo and Codelco hope to squeeze out an additional 120,000 metric tons a year and at least $5 billion in value to be shared equally. “This is a ...