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Reuters Africa reported that Metorex (JNB:MEMTX) will sell its stake in Sable Zinc to Glencore (LON:GLEN).
Reuters Africa reported that Metorex (JNB:MEMTX) will sell its stake in Sable Zinc to Glencore (LON:GLEN).
The market news is quoted as saying:
The sale is one of the conditions attached to a takeover offer for Metorex by Brazilian mining group Vale, which bid $1.1 billion for the South African company in a move to tap into its copper and cobalt operations in Africa.
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