We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Glencore Plc (PK) | USOTC:GLNCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -1.28% | 11.54 | 11.40 | 11.55 | 11.55 | 11.42 | 11.47 | 308,943 | 21:14:29 |
From Jun 2023 to Jun 2024
By Christian Moess Laursen
Glencore said Monday that it has bought Pan American Silver's 56.25% stake in the Argentinean copper project Mara for $475 million, becoming sole owner and operator.
The Anglo-Swiss commodity miner said that Mara--located in the Catamarca province--has proven and probable mineral reserves of 5.4 million metric tons of copper and 7.4 million ounces of gold, with a 27-year life of mine, the FTSE 100-listed company said.
The project--in which Glencore increased its stake to 43.75% last year--is expected to produce 200,000 tons of copper a year on average when operational.
The mining giant said Pan American Silver will get a copper net smelter return royalty of 0.75%.
Glencore expects the deal to complete in the third quarter.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 31, 2023 07:11 ET (11:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Glencore (PK) Chart |
1 Month Glencore (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
