trending Market Intelligence /marketintelligence/en/news-insights/trending/mhI_LqztG6aQeJ0PZxqwBg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

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

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


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.