06
Jan
11:51
COPPER: Glencore completes EHM sale to Evolution Mining
Swiss trading and mining company Glencore revealed on Thursday it has sold 100% of its interest in the Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia.
The company reached a deal with partner Evolution Mining Limited, under which it received AUD 800 million ($573.67m) and will receive a further AUD 200m in 12 months time, Kallanish learns from Glencore. As part of Evolution’s acquisition, all agreements implemented under a joint ven…
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