Glencore sells majority stake in Mopani copper mine for $1.5bln Glencore has agreed to sell its 73% stake in the Mopani copper mine in Zambia to the Zambian state mining investment arm, the Swiss commodity trader said on Tuesday January 19. Mopani, currently funded by Glencore s subsidiaries - including Carlisa Investments - will owe US$1.5 billion to Glencore group creditors upon the completion of the deal.
From 2021 to 2023, Glencore will receive 3% of the Mopani mine’s gross revenue and from 2024 onward,.
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Glencore sells majority stake in Mopani copper mine for $1.5bln Glencore has agreed to sell its 73% stake in the Mopani copper mine in Zambia to the Zambian state mining investment arm, the Swiss commodity trader said on Tuesday January 19. Mopani, currently funded by Glencore s subsidiaries - including Carlisa Investments - will owe US$1.5 billion to Glencore group creditors upon the completion of the deal.
From 2021 to 2023, Glencore will receive 3% of the Mopani mine’s gross revenue and from 2024 onward,.
Email this article