
- WORLD EDITIONAustraliaNorth AmericaWorld
April 26, 2022
Comet Resources (ASX:CRL) managing director Matthew O'Kane shared his thoughts on Glencore's decision to sell some of its copper mines. "We see significant potential for the growth of this resource, it's a truly transformational opportunity for us," O'Kane said.
Comet Resources acquired the Mount Margaret mine, a copper project in north-west Queensland, from Glencore. According to the article from ABC News, "Glencore's decision to sell off several of its Australian copper mines is being described as a win for small mining companies by industry analysts."
Click here for the full article.
This article includes content from Comet Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
CRL:AU
The Conversation (0)
25 February 2021
Comet Resources
Battery Commodities for the Low-Carbon Revolution
Working to develop resource projects including gold, copper and graphite.
Working to develop resource projects including gold, copper and graphite. Keep Reading...
8h
Austral Acquires Lady Loretta Copper Mine from Glencore
Austral Resources Australia (ASX:AR1) said on Friday (January 16) that it has entered into an agreement with Glencore (LSE:GLEN,OTCPL:GLCNF) for the acquisition of the Lady Loretta mining leases.Under the agreement, Austral will acquire 100 percent of Noranda Pacific, the owner and operator of... Keep Reading...
14 January
Copper Crunch: Demand Could Surge 50 Percent as Supply Falls Short by 2040
S&P Global’s new report, Copper in the Age of AI: The Challenges of Electrification, warns that copper demand could surge 50 percent by 2040, reaching 42 million tonnes as the global push for electrification accelerates. Supply, however, is projected to fall short, creating a 10 million tonne... Keep Reading...
09 January
Rio Tinto, Glencore Restart Talks on US$260 Billion Mining Mega-Merger
Commodities giants Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) said on Thursday (January 8) that they have restarted talks about a potential business combination.The two major miners spoke previously back in 2024, but failed to reach an agreement. This time around,... Keep Reading...
07 January
Copper Price Hits All‑time High on Supply Constraints and Trade Fears
The copper price climbed to a fresh record on Tuesday (January 6), with persistent supply disruptions and trade uncertainty pushing the metal to a nearly 30 percent rally since October.Benchmark three month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to... Keep Reading...
31 December 2025
Surge in Copper Demand Re-energises Cobar Basin’s Underexplored Resource Potential
The Cobar Basin in Central New South Wales, Australia, may be emerging as a key focus for investors positioning for the next wave of copper supply. With a looming global shortage of the red metal and long-term demand being driven by electrification and decarbonisation, savvy investors are... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






