BREAKING NEWS
This content is not available in your region

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

Australia's Aurelia Metals in talks 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, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo   -   Copyright  Arnd Wiegmann(Reuters)
Text size Aa Aa

(Reuters) – 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.

“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 said earlier this month it was unable to reach an agreement with Glencore on its $575 million (446 million pounds) offer to buy the CSA copper mine.

(Reporting by Rashmi Ashok 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.