Glencore Agrees $670 Million Sale of Australian Gold Output

  • Evolution Mining to acquire gold production from Ernest Henry
  • Deal gives Australian gold producer 30% stake in operation

Glencore Seeks to Dig Itself Out of Debt Hole

Glencore Plc, the miner and trader that’s sold assets and shares to cut debt, agreed a A$880 million ($670 million) deal to sell future output from an Australian copper and gold mine to Evolution Mining Ltd.

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