Glencore Completes Acquisition Of 80.08% Interest In Rosh Pinah
LONDON (dpa-AFX) - Glencore International plc (GLEN.L, GLNCY.PK, GLCNF.PK) said it has, through a subsidiary, completed the acquisition of an 80.08 per cent stake in Rosh Pinah Zinc Corp. (Proprietary) Ltd.
Daniel Maté, co-director of the Zinc/Copper/Lead department, said, 'We are pleased to have completed this acquisition. Rosh Pinah will add further value to Glencore as part of our geographically diverse zinc operations. We see a lot of opportunity in Namibia and look forward to proceeding with the future development of Rosh Pinah'.
Rosh Pinah operates an underground zinc/lead mine in south-western Namibia, 800 kilometres south of Windhoek. The mine produced 89,000 tonnes of zinc concentrate and 16,000 tons of lead concentrate in 2011. Intensive on-mine exploration is underway to add to the total mineral resource base of 8 million tonnes.
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