"The company's high-level assessment is that CSA mine could potentially be a strategic fit for AMI," Aurelia said in a statement.

Fellow Australian copper producer Aeris Resources Ltd said earlier this month it was unable to reach an agreement with Glencore on its $575 million (446 million pounds) offer to buy the CSA copper mine.

(Reporting by Rashmi Ashok in Bengaluru; editing by Richard Pullin)