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GLNCY / Glencore agrees to tweak terms with Cobar mine sale to MAC SPAC

Glencore PLC (LSE:GLEN) has agreed to sell its Cobar copper mine in New South Wales, Australia for US$1.1bn and an ongoing 1.5% smelter royalty to Metals Acquisition Corp, a New York-listed special purpose acquisition company (SPAC). The pair amended the timing of the payments compared to original terms announced in March, with the deal now expected to be completed in the first quarter of 2023. Read More

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Posted: Nov 23 2022, 03:09

Author Name: Proactive Investors

GLNCY News

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