Report: U.K. fund to buy Anglo American's Chile copper mines

• A British investment fund reportedly is set to buy the Chilean copper assets being sold by Anglo American (OTCQX:AAUKF, OTCPK:AAUKY) for $500M-$1B.
• Chilean newspaper El Mercurio says the miner is close to completing the sale of the Mantoverde and Mantos Blancos copper mines but does not name a source or identify the specific U.K. fund.
• Glencore, former Xstrata CEO Mick Davis' X2, and British investment firm Audley Capital had been reported among the first round of bidders.