Bloomberg News

Origin Energy Buys 51% Stake in Xstrata Copper’s Energia Austral

April 03, 2012

Origin Energy Ltd. (ORG) has acquired 51 percent of Xstrata Copper’s Energia Austral hydroelectric development company in Chile.

Xstrata copper will retain a 49 percent stake, Xstrata Plc (XTA) said in a statement today. Origin will invest $75 million in project development costs over the next several years and potentially a further $75 million toward a final investment decision.

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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