Glencore sells Australian copper-gold EHM mine but remains concs offtaker

Glencore has agreed to sell its entire stake in an Australian copper-gold asset while remaining as offtaker of its concentrates output, it said on Tuesday November 17.

The Swiss commodity trader will sell its interest in Ernest Henry Mining Pty ltd (EHM) for A$1 billion (US$727 million) to Australian gold miner Evolution, it said.

For the year ended June 2021, EHM produced 19,159 tonnes of copper contained in concentrates. This material is typically transported to...


Callum Perry

November 17, 2021

17:39 GMT