The company will offer Minara shareholders A$0.87 ($0.91) in cash for each Minara share, and the offer values Minara at about A$1,017m ($1.06bn).
Glencore’s offer is currently scheduled to open on 8 September 2011, and will close, unless extended or withdrawn, on 10 October 2011.
Glencore currently holds approximately 73% of the shares in Minara Resources.
Glencore’s worldwide activities include production, sourcing, processing, refining, transporting, storage, financing and supply of metals and minerals, energy products and agricultural products.
