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EMR Capital Said in Advanced Talks to Buy Glencore Copper Mine

By Tony Seruga

Sale of Australian copper mine may fetch about $400 million
Glencore divesting assets, cutting spending to trim debt load

EMR Capital Advisors Pty, a natural resources private equity firm, is in late-stage talks to acquire Glencore Plc’s Cobar copper mine in Australia after other bidders dropped out of the process, people with knowledge of the matter said.

EMR Capital may pay about $400 million for the mine, said the people, asking not to be identified as the details are private. The talks may still fall apart, and Glencore could end up keeping the asset, the people said…

EMR Capital Said in Advanced Talks to Buy Glencore Copper Mine

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