Wonder if these guys want a little Peru (SLI) Gold in their Portfolio??
Glencore to acquire Peru copper miner Marcobre
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Lima, Jul. 18 (ANDINA). Swiss-based international commodities company Glencore has agreed to acquire a 70 per cent stake in Peruvian copper miner Marcobre.The US$475 million cash deal is subject to regulatory approval and is expected to close in October.
Marcobre is the sole owner of the Marcona Copper Property and the Mina Justa Project - the company’s principal copper exploration and development project.
“Mina Justa would ideally complement Glencore’s existing polymetallic mining operations in Peru, and add significant value to our worldwide group of copper mining assets,” said Glencore co-director of zinc, copper and lead Daniel Mate in a statement.
Peru is South America’s fastest-growing economy and the world’s second-biggest producer of copper after Chile; it is also a major gold producer.
