Trevali expands geographic footprint to Africa as zinc tide rises

Canadian base metals producer Trevali Mining is expanding its geographic footprint into Africa with the $400-million acquisition of diversified mining and marketing company Glencore’s 80% interest in the Rosh Pinah mine, in Namibia, and 90% interest in the Perkoa mine, in Burkina Faso. HSBC global metals and mining research analysts said that while the transaction has little or no impact on Glencore's valuation, it does potentially expand its zinc optionality at no cost and provides early cash flow.