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Glencore agrees $960 million copper and cobalt deal with Fleurette

glencore

16/02/2017

REUTERS

Glencore has increased its hold on Democratic Republic of Congo’s copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million. Company statements said Glencore now owns 100 percent of the Mutanda mine and about 86 percent of Toronto-listed Katanga Mining Limited.

 

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