Glencore Sells Australia Gold, Copper Mine For $729 Mn

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Glencore sells Australia gold, copper mine for $729 mn

Mining and commodities trading group Glencore said on Wednesday it would sell its gold and copper mine in northeastern Australia to its partner in the country, Evolution Minin

Zurich, (UrduPoint / Pakistan Point News - 17th Nov, 2021 ) :Mining and commodities trading group Glencore said on Wednesday it would sell its gold and copper mine in northeastern Australia to its partner in the country, Evolution Mining.

The Anglo-Swiss group said it would sell the Ernest Henry mine in Queensland for one billion Australian Dollars (645 million Euros, $729 million).

The deal is expected to be finalised in January next year, it said in a statement.