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20 Dec 2019 | 10:05

Glencore unit Katanga Mining acquires land for African copper venture

Glencore said subsidiary Katanga Mining had agreed to acquire land areas adjacent to existing mining concessions in the Democratic Republic of the Congo.

Katanga Mining's 75%-owned unit Kamoto Copper had agreed to acquire the land package from La Generale des Carrieres for up to $250m, contingent on the delivery of title to the various different land areas.

The agreement anticipated the title transfers to be effected during the course of 2020, Glencore said. At 10:05am: (LON:GLEN) Glencore PLC share price was -0.7p at 238.95p

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