Glencore puts Cobar mine up for sale

Original article by Peter Ker
The Australian Financial Review – Page: 16 : 13-Oct-15

Debt-laden Glencore is seeking to offload the Cobar copper mine in central western New South Wales. The mine’s output for the first half of 2015 was 24,800 tonnes of copper concentrate and 239,000 ounces of silver. Glencore’s Lomas Bayas copper mine in Chile has also been put on the market, and an unnamed analyst based in London says neither of the assets are likely to be of interest to major mining groups.

CORPORATES
GLENCORE PLC, BLOOMBERG LP, RIO TINTO LIMITED – ASX RIO, XSTRATA AG, X2 RESOURCES PARTNERS LP

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