In order to get rid of its less profitable assets, the British mining company assured that it will dispense with the Onslow Iron project (Australia) and Caspiche (northern Chile).

The British mining company Anglo American announced that it agreed to sell two projects, one based in Australia and the other in Chile, after the failed attempt by its competitor BHP to merge and thus operate as the largest copper producer in the world.

In order to get rid of its less profitable assets, the company assured that it will dispense with the Onslow Iron project in Australia, owned by its subsidiary De Beers, through a sale to Taurus Funds Management for up to US$ 195 million.

On the other hand, there is the Caspiche project, in northern Chile. The asset, related to gold exploitation, would have a sale price of US$25 million in cash and up to US$20 million in deferred consideration, according to local media Diario Financiero .

BHP's interest in merging with Anglo American shook the international mining market, given the magnitude of both companies' operations.

However, and after at least three offers, BHP decided to close the door to the British company that offered about 39,000 million pounds (US$50,357 million) to merge with its competitor.