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Glencore sells Australian copper mine

Glencore retains smelter royalty, and will handle offtake

William Clarke
Glencore sells Australian copper mine

Metals Acquisition Corp will purchase Glencore's 100% interest in Cobar, for US$775 million in cash and US$100 million in shares (effective immediately. Glencore will retain a 1.5% net smelter royalty...

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