Shearman And Sterling

News August 24, 2015

Shearman & Sterling Advises Anglo American on Sale of Anglo Norte Copper Business in Chile

Shearman & Sterling is advising Anglo American on the sale of its interest in Anglo American Norte S.A. (“Anglo Norte”) to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor, for an up-front cash consideration of $300 million, with potential upside to up to $500 million. Anglo Norte consists of the Mantoverde and Mantos Blancos copper mines located in northern Chile.

Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Anglo American’s mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.

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