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.
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