BREAKING NEWS
This content is not available in your region

Australia's Aeris Resources to buy Glencore's CSA copper mine

Access to the comments Comments
Australia's Aeris Resources to buy Glencore's CSA copper mine
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo   -   Copyright  Arnd Wiegmann(Reuters)
Text size Aa Aa

(Reuters) – Australian copper producer Aeris Resources Ltd said on Wednesday it has offered to buy the CSA copper mine in New South Wales state from global trader and miner Glencore for $575 million(433.90 million pounds).

Aeris said late stage negotiations on the offer were ongoing.

The offer comprises $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore, it said.

(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Richard Pullin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.