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Mining and commodities giant Glencore Xstraa Plc (GLEN) will proceed with a study into an iron mine in the Republic of Congo costing up to $3 billion, Bloomberg reported.
Mining and commodities giant Glencore Xstraa Plc (LSE:GLEN) will proceed with a study into an iron mine in the Republic of Congo costing up to $3 billion, Bloomberg reported.
As quoted in the market news:
The assessment, with partner Zanaga Iron Ore Co., “is now being advanced on the basis of a staged development, substantially reducing the initial capital requirement and including the potential for initial production using existing infrastructure,” Baar, Switzerland-based Glencore said today in a statement.