Glencore Announces Proposed Sale of Cobar and Lomas Bayas Copper Mines

Glencore( LSE:GLEN) announced the beginning of a process to sell its Cobar copper mine in Australia and its Lomas Bayas copper mine in Chile after receiving a number of unsolicited expressions of interest from various potential buyers.
As quoted in the press release:

The sale process is in response to Glencore receiving a number of unsolicited expressions of interest for these mines from various potential buyers.  This will allow potential buyers to bid to purchase either one or both of the mines and may or may not result in a sale. Glencore will issue an update only in the event a sale is agreed or disclosure is otherwise required.

Click here to read the full Glencore (LSE:GLEN) press release.