Australia's Aeris Resources unable to agree with Glencore on copper mine buy
April 15 (Reuters) - Australian copper producer Aeris Resources Ltd said on Monday it was unable to reach an agreement with Glencore on its $575 million offer to buy Glencore's CSA copper mine in New South Wales.
Aeris Resources Executive Chairman Andre Labuschagne said it was "disappointing" that the acquisition could not be completed, but the miner would continue to focus on its Tritton copper operations.
The copper producer had offered last month to buy global trader Glencore's copper mine in Cobar.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.