Comet Resources Comments on Recent Acquisition from Glencore

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."

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