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In this list

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Report: Aeris in late-stage talks for US$575M buy of Glencore's CSA mine

Aeris Resources Ltd., with a market capitalization of about US$55 million, is said to be in late-stage talks to buy Glencore PLC's CSA copper-silver mine in New South Wales, Australia, for about US$575 million, The Australian Financial Review reported March 19.

The proposed deal would involve US$300 million in senior debt from Hong Kong-based investment firm PAG and Orion Mine Finance, a US$40 million silver stream provided by Orion, US$50 million in equity issued to Glencore, and US$100 million in equity issued to PAG and Orion.

In addition, Aeris will reportedly look to raise up to another US$195 million in equity from other investors. Macquarie Capital and RBC Capital Markets are aiding the Australia-listed explorer with the equity raising.

According to the report, the CSA mine, which employs about 300 people and mines by-product silver, produces 1.1 million tonnes of copper ore per year.