RPT-Glencore seen reluctant to step up asset sales to include top mines

Wed Sep 30, 2015 12:16pm EDT
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(Repeats with link to graphic)

* Sale of whole ags unit could reap $10-12 bln-UBS

* Asset sales tough amid depressed commodity markets

* Owns top copper mines in Chile, Peru

* FACTBOX of Glencore assets:

* Graphic of assets map: link.reuters.com/vej75w

By Eric Onstad and Olivia Kumwenda-Mtambo

LONDON/JOHANNESBURG, Sept 29 (Reuters) - Debt-laden Glencore may unload all its agricultural assets instead of just a stake, analysts said, but the commodity group is unlikely to expand its divestment programme to include top mines.

Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to cut about a third of its $30 billion debt and to regain the trust of investors after its shares tumbled by about three quarters this year to record lows amid weak global commodity prices.   Continued...