Australia's Aurelia Metals in talks to buy Glencore's CSA copper mine

Publisher
Reuters
Published
Credit: REUTERS/Arnd Wiegmann

Australian miner Aurelia Metals Ltd said on Friday it was in talks about a possible acquisition of the CSA copper mine in New South Wales state, owned by global trader Glencore.

April 26 (Reuters) - Australian miner Aurelia Metals Ltd AMI.AX said on Friday it was in talks about a possible acquisition of the CSA copper mine in New South Wales state, owned by global trader Glencore GLEN.L.

"The company's high-level assessment is that CSA mine could potentially be a strategic fit for AMI," Aurelia said in a statement.

Fellow Australian copper producer Aeris Resources Ltd AIS.AX said earlier this month it was unable to reach an agreement with Glencore on its $575 million offer to buy the CSA copper mine.

(Reporting by Rashmi Ashok in Bengaluru; editing by Richard Pullin)

((Rashmi.Ashok@thomsonreuters.com; +918067491689; Reuters Messaging: rashmi.ashok.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More