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Deals Rumor Mill: Glencore, Warburg Pincus, Apax

By Karlee Weinmann ( September 3, 2013, 4:43 PM EDT) -- Chinese state-owned trading house CITIC Resources Holdings Ltd. could join the chase for a Peruvian copper project worth at least $5 billion currently owned by Glencore Xstrata PLC, Bloomberg reported on Tuesday. The likeliest point of entry for the Chinese firm would be as part of a consortium. If CITIC makes a move for the Las Bambas project, it would join other Chinese miners — among them Chinalco Mining Corp. and MMG Ltd. — in the hunt....

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