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Glencore sells zinc mines to Trevali for $400m

By:  
Creamer Media Senior Deputy Editor
 
ZINC
Global diversified mining company Glencore has sold its 80% stake of the Rosh Pinah mine, and its 39% interest in the Gergarub project, both in Namibia, as well as its 90% stake of the Perkoa mine, in Burkina Faso, to zinc-focused base metals miner Trevali Mining Corporation for a total consideration of $417.8-million. Glencore’s sale of its portfolio of zinc assets included a cash payment of $245-million and shares in Canada-based Trevali worth $172.6-million, which has increased Glencore’s share in Trevali from 4.3% to 21.3%.
 
 
 
 
 

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