March 20, 2019 / 5:36 AM / 6 months ago

Australia's Aeris Resources to buy Glencore's CSA copper mine

March 20 (Reuters) - Australian copper producer Aeris Resources Ltd said on Wednesday it has offered to buy the CSA copper mine in New South Wales state from global trader and miner Glencore for $575 million.

Aeris said late stage negotiations on the offer were ongoing.

The offer comprises $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore, it said.

Reporting by Aby Jose Koilparambil in Bengaluru; editing by Richard Pullin

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