Sales of Tampakan, Falcondo and Sipilou
posted:
14/08/2015
Sales of Tampakan, Falcondo and Sipilou
Baar, Switzerland, 14 August 2015
Glencore confirms that it has completed the sale of the Tampakan copper project. Glencore has also sold its stakes in the Falcondo nickel operation and Sipilou nickel project. The assets were inherited from Xstrata following the completion of the takeover in May 2013. The total proceeds raised from the sales are approximately USD$290m.