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Glencore Completes Transaction In Respect Of Shanduka Coal
28 JUNE, 2012
Glencore International plc today announces that it has, through a subsidiary, completed a transaction pursuant to which it has disposed of a 20% interest in Shanduka Coal to Shanduka Resources, a wholly owned subsidiary of Shanduka Group, its South African black economic empowerment partner, in exchange for a cash payment and the transfer by Shanduka Resources to Shanduka Coal of its 30 per cent shareholding in Kangra Coal...