Deals
Glencore Mine Sale Said to Draw Interest From Ex-Barrick CEO
- Bidders said to offer near $1 billion for copper mine in Chile
- Planned Lomas Bayas, Cobar sales in second round, people say
Aaron Regent.
Photographer: Joshua Prezant/BloombergThis article is for subscribers only.
Former Barrick Gold Corp. Chief Executive Officer Aaron Regent is among the remaining bidders for Glencore Plc’s Lomas Bayas copper mine in the Chilean desert of Atacama, according to people familiar with the sale.
Regent, who runs Magris Resources Inc., is competing against a small number of Chile-focused operators that have offered Glencore close to $1 billion for the mine, said two people who asked not to be identified as the sale is confidential. While the offering is at an advanced stage, Glencore may still decide to retain the asset, the people said.