Glencore said on March 17 that it has agreed to sell its CSA copper mine in New South Wales, Australia, to blank-cheque firm Metals Acquisition for $1.1 billion. As part of the transaction, Glencore will receive a $50 million equity stake and a 1.5% net smelter return, or the share of revenue of mined goods sold.FILE PHOTO: An electric copper wire is seen in this illustration picture, October 25, 2017. Picture taken October 25, 2017.
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