Under the terms of the deal, Evolution will secure 100% of the mine's gold output and be entitled to cash payments from Glencore equivalent to the value of 30% of the mine's copper and silver output. The latest sale builds on April's $2.5 billion disposal of a 40% stake in Glencore's agricultural business to Canada Pension Plan Investment board, taking total disposals this year to $3.9 billion. "We have already largely achieved our asset disposal target...with a diverse material pool of asset sales' processes also on-going," said Glasenberg. Glencore is thought to be in talks to sell its Cobar copper mine in Australia, which is expected to bring in about $400 million. It may also be seeking to sell Chilean copper assets and Australian rail operations according to analysts.