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posted:
03/10/2011
Update regarding Glencore’s agreement to acquire a 70% stake in the Mina Justa project announced on 18 July 2011
Update regarding Glencore’s agreement to acquire a 70% stake in the Mina Justa project announced on 18 July 2011
3 October 2011
On 18 July 2011, Glencore International AG (“Glencore”), a wholly-owned subsidiary of Glencore International plc, announced that it had conditionally agreed to acquire from CST Mining Group Limited a 70% interest in Marcobre S.A.C., the sole owner of the Marcona Copper Property and the Mina Justa Project, for a cash consideration of US$475 million, subject to closing adjustments.