Glencore announced today it has entered into a binding agreement with Metals Acquisition Corp (MAC), amending terms announced on 17 March 2022, for the sale and purchase of Glencore’s CSA (Cobar) copper mine in New South Wales, Australia. Pursuant to the binding amendment agreement Glencore will receive consideration of US$1.1 billion as originally agreed with amended payment terms and a 1.5% net smelter return life of mine royalty upon completion of the transaction. The transaction is expected to be completed in the first quarter of 2023, subject to the approval of MAC’s shareholders and other customary closing ... (full story)