HomeNon-ferrous MetalsBase metals 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 Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Julian Luk January 19, 2021 10:05 GMT Hong Kong Keywords Glencore Mopani copper mine copper concentrate Zambia copper mine ZCCM Investment Holdings Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
