Glencore sells stake in Peru zinc miner Volcan

CBCIE Time：May 08, 2024 11:16 Source：miningweekly

Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital.

Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru.

Glencore has agreed to provide a secured facility of up to $40-million to fund certain mandatory tender offer obligations of Transition Metals pursuant to applicable Peruvian laws and regulations.

The transaction is not subject to any regulatory approvals and is expected to close this week.

Key Words:

zinc lead Europe

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