Deals Rumor Mill: Glencore, Carlyle, Bain Capital

Law360, New York (March 17, 2014, 5:43 PM EDT) -- A consortium led by China Minmetals Corp. is closing in on a deal that would give it Glencore Xstrata PLC's coveted Las Bambas copper project, sources told The Wall Street Journal on Monday. Previous reports have pegged the asset's value at around $6 billion. State-controlled China Minmetals could announce the deal as early as Tuesday, after a final meeting with Glencore's top brass. Glencore is shedding the Peruvian mine as a condition, imposed by Chinese regulators, of its blockbuster merger with Xstrata. The multibillion-dollar project would...
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