Glencore flags sale of some Australia, Chile assets

October 12, 2015 6:50 AM

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Glencore flags sale of some Australia, Chile assets

Asset sales are part of a broad plan Glencore outlined last month to raise money to cut its $30 billion in net debt by about a third.

Mining and trading giant Glencore Plc said on Monday it would announce the proposed sale of some assets in Australia and Chile, as it sought a trading halt for its Hong Kong-listed shares, in the latest move to slash its debt pile.

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