A long-awaited merger between Swiss commodities trader Glencore with mining giant Xstrata has won a green light from China’s regulator, clearing a key final hurdle, Glencore announced Tuesday.
Glencore said Beijing had given its backing on condition that after the merger the group sells its interest in the Las Bambas copper mine project in Peru to Chinese-approved players by the end of September 2014.
China regulator approves Glencore-Xstrata merger
