Radar > 235172

Glencore postpones Lomas Bayas

Glencore retrasa la venta de mina Lomas Bayas

Intel ID : 235172
Synopsis

Glencore (LSE:GLEN), a Switzerland-based mining company, announced postponing the sale on Lombas Bayas mine in Chile, as published by Diario Fianciero on 1 April 2016.

The sale process began in October last, and has attracted possible buyers such as Chile-based Copec and Aaron Regent, former CEO of Barrick Gold (see related intel). It has been postponed because Glencore received proposal economically insufficient.

It was disclosed the offers ranged between USD 500m and USD 650m.
(content in spanish)

Glencore (LSE:GLEN), empresa suiza dedicada al sector de minerales, ha anunciado el aplazamiento de la venta de la mina chilena Lomas Bayas, según ha informado Diario Financiero el 1 de abril de 2016.

El proceso de venta, que ha iniciado en octubre y que ha contado con interesados como la chilena Copec y Aaron Regent, ex CEO de Barrick Gold (ver Intels relacionados), ha sido retrasada por Glencore al recibir propuestas económicas insatisfactorias para sus pretensiones.

Se ha informado que las ofertas apuntan a cifras entre los USD 500m y hasta los USD 650m.

Bidder

Seller

Glencore
Switzerland

Intel ID 235172
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Copec
(31 Dec 2013)
Revenue: EUR 4,96m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.03 Gold Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Services and Distribution / Distribution and Retail
Primary Sector (TTRSC)
20.02.07 Oil & Gas Storage, Distribution & Retail (Downstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
15.05.08 Food & Beverage Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Energy and Renewable Energies / Oil and Gas
Natural Resources / Agriculture, Agribusiness, Farming and Fishing
Primary Sector (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.