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Reuters Africa reports that Metorex (JNB:MEMTX) plans to sell the company’s interest in Sable Zinc Kabwe to Glencore (LON:GLEN) for 225 million rand.
Reuters Africa reports that Metorex (JNB:MEMTX) plans to sell the company’s interest in Sable Zinc Kabwe to Glencore (LON:GLEN) for 225 million rand.
The market news is quoted as saying:
Metorex said the purchase price for Sable equity was 190 million rand, but the company would advance a loan to Sable of 35 million rand, raising the total price to 225 million.