BREAKING NEWS

BREAKING NEWS

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 -
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Arnd Wiegmann(Reuters)
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(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)

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