Copper miner Aeris Resources (ASX: AIS) says it has been unable to come to agreeable terms with Glencore on its proposed acquisition of the CSA mine. Aeris chairman Andre Labuschagne said it was disappointing; however, the company remains heavily focused on its Tritton copper operations and its Tritton exploration project.
Aeris Resources has provided an update on recent announcements concerning its offer to acquire the CSA mine.
The Board of Aeris advises that it has been unable to come to agreeable terms with Glencore.
Aeris Resources Executive Chairman, Andre Labuschagne, said “Whilst it is disappointing that the acquisition of the CSA Mine couldn’t be completed, Aeris remains focused on its Tritton Copper Operations, the Torrens exploration project and exploring growth opportunities, both organic and through M&A.”