Glencore International Acquires Stake in Rosh Pinah Zinc

Fox Business reported that Glencore International PLC (LSE:GLEN) has bought a majority stake in Rosh Pinah Zinc Corp. Ltd.

As quoted in the market news:

The deal, for an undisclosed sum, gives Glencore a 80.08% interest in Rosh Pinah, which operates an underground zinc and lead mine in south-western Namibia. Last year, the mine produced 89,000 metric tons of zinc concentrate and 16,000 tons of lead concentrate.

Click here to read the full Fox Business report.

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Zazu Metals Corporation

Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.

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