Glencore's Las Bambas sale puts Aussies on alert SPECULATION that the Beijing-ordered sale by Glencore Xstrata of its $US6 billion ($6.7bn) Las Bambas copper project in Peru is imminent has placed ASX-listed companies PanAust, Highlands Pacific and Indophil on high alert. The sale of Las Bambas -- a condition of Chinese approval of last year's merger between the London-listed Glencore and Xstrata -- affects the plans of all three companies in their multi-billion-dollar copper/gold projects in Papua New Guinea (PanAust and Highlands) or in The Philippines (Indophil).