Aeris Taps Out of CSA Copper Mine Purchase

Aeris Resources has opted out of buying Glencore’s CSA copper mine in New South Wales, which it had previously bid US$575 million for.

Aeris Resources (ASX:AIS) has opted out of buying Glencore’s (LSE:GLEN) CSA copper mine in New South Wales, which it had previously bid US$575 million for.

According to a statement from the company, it was unable to reach agreeable terms with the major miner.

Andre Labuschagne, Aeris Resources Executive Chairman, commented:

“Whilst it is disappointing that the acquisition of the CSA Mine couldn’t be completed, Aeris remains focused on its Tritton Copper Operations, the Torrens exploration project and exploring growth opportunities, both organic and through M&A.”

Click here to read the full press release from Aeris Resources.

Olivia Da Silva

A graduate of Durham College's broadcast journalism program, Olivia has a passion for all things newsworthy. She got her start writing about esports (competitive video games), where she specialized in professional Call of Duty coverage. Since then, Olivia has transitioned into business writing for INN where her beats have included Australian mining and base metals.