Anglo American and Codelco agree to talks and suspension of legal proceedings
22 May, 2012
Anglo American announces that as part of the court’s conciliation proceeding in Chile, to which the judge of the 14th Civil Court of Santiago has summoned Anglo American and Codelco (“the parties”) on 22 May, the parties have agreed to explore the possibility of negotiating an agreement in relation to Anglo American Sur. Should this prove successful, it will enable the parties to overcome their current legal dispute.
To that end and in the interests of compliance with the conciliation proceeding to which they have been summoned, the parties have together requested the suspension of their legal proceedings at the 14th Civil Court of Santiago until Friday 22 June 2012.
Cynthia Carroll, Chief Executive of Anglo American, said: “We welcome this opportunity to re-engage with Codelco and explore whether a solution may be achievable. From the outset, we have been consistently in favour of discussing a commercial solution that takes into account the interests of both parties.”