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.
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.
Don't miss an update from this company on the move.Learn More