12th Oct 2015 06:10
LONDON (Alliance News) - FTSE-100 listed commodities trader and miner Glencore PLC said Monday it has begun a process to sell its wholly-owned Cobar copper mine in Australia and Lomas Bayas copper mine in Chile.
The company said the sale process is in response to receiving a number of "unsolicited expressions of interest for these mines from various potential buyers".
The process may or may not result in a sale, Glencore noted, and it said it will issue an update only in the event that a sale is agreed or a disclosure "is otherwise required".
Earlier Monday, Glencore's ordinary shares in Hong Kong had been halted pending the asset sale announcement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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