https://www.miningweekly.com
Copper|Financial
Copper|Financial
copper|financial

Peruvian miner Volcan confirms Glencore exploring 23% stake sale

16th February 2023

By: Reuters

  

Font size: - +

LIMA - Peruvian miner Volcan confirmed on Wednesday that Swiss commodity giant Glencore is exploring a sale of its 23% stake in the South American silver and zinc producer.

In a regulatory filing, Volcan said it had received a letter from Glencore stating it had "begun to explore the process of possible disposition of 23.3% of its participation" in the firm.

Glencore had earlier Wednesday reported the potential sale as part of its preliminary fourth-quarter financial results.

Glencore also has a stake in the copper mine Antapaccay, whose operation has been disrupted by the protests against Peruvian President Dina Boluarte.

In a separate regulatory filing Wednesday, Volcan said it had earlier suspended trading of its Class "A" common shares and Class "B", listed on the Lima Stock Exchange.

Peru is the world's second largest producer of copper, silver and zinc.

Edited by Reuters

Comments

Showroom

Alco-Safe
Alco-Safe

Lion Alcoblow ® - High speed breathalyser

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.103 0.137s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: