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IGO LIMITED — M&A Activity 2022
Feb 28, 2022
65111_rns_2022-02-28_1246204a-bc10-4412-bd7e-c66ec6ad836e.pdf
M&A Activity
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----- Start of picture text ----- ASX RELEASE1 March 2022----- End of picture text -----
UPDATE REGARDING DISCUSSIONS WITH GLENCORE REGARDING CSA COPPER MINE
IGO Limited (ASX:IGO) (IGO or the Company) wishes to provide an update on the status of discussions with Glencore regarding a potential acquisition of the CSA Copper Mine (CSA), as confirmed to the ASX on 21 February 2022.
IGO advises that discussions with Glencore have now concluded with no commercial agreement being reached. As such, IGO and Glencore have discontinued negotiations with respect to a potential acquisition of CSA.
IGO regularly evaluates opportunities to grow its business via disciplined mergers and acquisitions in line with its clean energy metals strategy. The Company will only complete transactions which it believes will deliver strong and accretive returns and are in the best interest of shareholders at the time.
This announcement is authorised for release to the ASX by Peter Bradford, Managing Director & CEO.
Investor & Media Enquiries
Richard Glass Investor & Media Relations Manager T: +61 8 9238 8300 E: [email protected]
PO Box 496 South Perth WA 6951 Western Australia
Suite 4, Level 5 85 South Perth Esplanade South Perth WA 6151
T. +61 8 9238 8300 F. +61 8 9238 8399 E. [email protected]
igo.com.au IGO Limited ABN 46 092 786 304
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