Glencore purchased Mutanga and Katanga for US$534 million in cash and debt

MINEX FORUM | February 14, 2017
img0 Glencore purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”), Glencore reported. The consideration for the Mutanda Shares and the Katanga Shares has been determined based on an analysis by BMO ...