The Australian reported that Glencore (LSE:GLEN) has invested for an increased stake in the Mutanda copper-cobalt mine in the Congo.
As quoted in the market news:
The deal boosts Glencore’s indirect equity stake in Mutanda to 60 per cent from 40 per cent and provides the commodities producer and trader with an option to buy a further 25.51 per cent stake in Samref Overseas for $430 million in December through a put and call option agreement exercisable in December of next year.
|There is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.|