Glencore PLC Completion of sale underlying 73% stake in Mopani (1223U)
March 31 2021 - 5:35AM
UK Regulatory
TIDMGLEN
RNS Number : 1223U
Glencore PLC
31 March 2021
Glencore plc
Baar, Switzerland
31 March 2021
Completion of sale of underlying 73% stake in Mopani
Glencore today announces that its subsidiary Carlisa Investments
Corp., in which Glencore holds 81.2% of the shares, has completed
the sale to ZCCM Investments Holdings plc of its 90% interest in
Mopani Copper Mines plc ("Mopani") as more fully described in
Glencore's announcement of 19 January 2021. Glencore continues to
retain offtake rights in respect of Mopani's production.
For further information please contact:
Investors
Martin Fewings t: +41 41 709 2880 m: +41 79 737 5642 martin.fewings@glencore.com
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world's largest global diversified
natural resource companies and a major producer and marketer of
more than 60 responsibly-sourced commodities that advance everyday
life. The Group's operations comprise around 150 mining and
metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established
and emerging regions for natural resources, Glencore's industrial
activities are supported by a global network of more than 30
marketing offices. Glencore's customers are industrial consumers,
such as those in the automotive, steel, power generation, battery
manufacturing and oil sectors. We also provide financing, logistics
and other services to producers and consumers of commodities.
Following the completion of the sale, Glencore's companies employ
around 135,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on
Security and Human Rights and the International Council on Mining
and Metals. We are an active participant in the Extractive
Industries Transparency Initiative. Our ambition is to be a net
zero total emissions company by 2050.
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