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Glencore plc (LSE:GLEN) has confirmed its intentions to divest its Cosmos nickel mine in Western Australia.
Glencore plc (LSE:GLEN) has confirmed its intentions to divest its Cosmos nickel mine in Western Australia. The company also plans to divest its Araguaia nickel asset in Brazil and the Sipilou nickel asset in Cote d’Ivoire.
As quoted in the press release:
Glencore’s s head of global nickel assets, Peter Johnston, told investors this week that the company was continuing the divestment of its noncore nickel assets, which thus far had included the Stargate asset, in the Philippines, the Agmet operation, in the US, and the Sinclair mine, in Western Australia.
The company was now on the hunt for a buyer for the Cosmos mine, in the hopes of divesting the project within the next year.