Glencore weighs sale of copper mine
PERTH – Diversified miner Glencore on Friday confirmed that
it had received interest in its CSA copper mine, near Cobar in New South Wales.
“We are currently considering proposals and may decide to
enter into a sale process for this asset. These talks are at an early stage and
there is no guarantee a transaction will materialise,” a spokesperson for the
company told Mining Weekly Online.
“Any sale of CSA mine would need to be to a responsible
operator and represent value for our shareholders,” the spokesperson added.
The mine employs some 500 staff and contractors and in 2020
produced 46 200 t of copper, contributing A$309-million to the Glencore books.
Comments
Post a Comment