Share Prices & Company Research

Market News

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

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.