Copper miner Aeris Resources has confirmed reports it's in late-stage discussions to buy the CSA copper mine in central NSW from global miner Glencore.
Aeris said on Wednesday it has offered $US575 million (A$812m) in cash and shares, plus a royalty payable to Glencore.
Aeris said that funding for the offer hadn't been finalised, but it would likely be through debt, an equity capital raising and a silver stream.
Aeris said the discussions were at a late stage but there was no guarantee the potential acquisition would proceed.
CSA mine is located 14km northwest of Cobar in central-west NSW.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
The underground mine employs 300 people.
