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Glencore funding, tolling deals back move on Rocklands
Summary by iQ Industry Queensland
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Glencore funding, tolling deals back move on Rocklands
Major mining power Glencore is backing Austral Resources’ acquisition of Rocklands mine owner Copper Resources Australia (CRA) with offtake, tolling and funding deals. They include a $US15 million (about $23 million) loan facility for the purposes of acquiring CRA. Austral Group is also granting Glencore tolling capacity in the Rocklands plant (pictured above), which it said was expected to be recommissioned in mid-2027. And the companies have e…
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