Glencore to sell Australian copper mine to SPAC for $1.1 bln

MAC Copper

23/11/2022 07:12

Nov 23 (Reuters) - Glencore  GLEN.L  said on Wednesday
that blank-check firm Metal Acquisition Corp  MTAL.N  agreed to
an amended agreement to buy the global miner's Cobar copper mine
in Australia in a deal valued at $1.1 billion.
    Glencore said the two parties have agreed to amend terms,
which involves Glencore receiving $1.1 billion as originally
agreed in a March deal, along with amended payment terms and a
1.5% net smelter return life of mine royalty.
 (Reporting by Yadarisa Shabong; Editing by Savio D'Souza)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))