18th July 2011
The website quotes Daniel Mate, co-head of Glencore's zinc, lead and copper division saying: "Mina Justa would ideally complement Glencore's existing polymetallic mining operations in Peru, and add significant value to our world-wide group of copper mining assets."
The WSJ notes that Glencore already owns and operates the Iscaycruz and Yauliyacu zinc, lead and silver mines in Peru's Central Highlands through its 97% subsidiary Los Quenuales.
Its other copper assets are in Kazakhstan, the Philippines, Australia, Zambia, Argentina and Congo.
A few days ago, the firm posted its first set of results, which disappointed some analysts, reported here on Market Watch, though it used the occasion to deny speculation it was considering a bid for Kazakh-focused miner Eurasian Natural Resources Corp PLC or that it was in firm talks with Anglo Swiss miner Xstrata about a potential tie up.