Brief: Glencore Says MAC Agreed To Amend Terms For Cobar Mine Sale

MAC Copper

23/11/2022 07:39

Nov 23 (Reuters) - Glencore PLC  GLEN.L :
    * MAC + GLENCORE AGREE TO ACQUIRE COBAR MINE
    * METALS ACQUISITION CORP (MAC) AND GLENCORE AGREE TO AMEND
TERMS
TO ACQUIRE CSA (COBAR) MINE IN TRANSACTION VALUED AT US$1.1
BILLION
    * METALS ACQUISITION CORP (MAC) AND GLENCORE AGREE TO AMEND
TERMS
TO ACQUIRE CSA (COBAR) MINE IN TRANSACTION VALUED AT US$1.1
BILLION
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN Q1 OF 2023
    * TO GET CONSIDERATION OF $1.1 BILLION AS AGREED WITH
AMENDED
PAYMENT TERMS, 1.5% NET SMELTER RETURN LIFE OF MINE ROYALTY UPON
COMPLETION

Source text for Eikon:  ID:nRSW2755Ha 
Further company coverage:  GLEN.L 
 ((Reuters.Briefs@thomsonreuters.com;;))