https://newsletter.mw.creamermedia.com
Copper|Financial
Copper|Financial
copper|financial

Peruvian miner Volcan confirms Glencore exploring 23% stake sale

16th February 2023

By: Reuters

  

Font size: - +

LIMA - Peruvian miner Volcan confirmed on Wednesday that Swiss commodity giant Glencore is exploring a sale of its 23% stake in the South American silver and zinc producer.

In a regulatory filing, Volcan said it had received a letter from Glencore stating it had "begun to explore the process of possible disposition of 23.3% of its participation" in the firm.

Glencore had earlier Wednesday reported the potential sale as part of its preliminary fourth-quarter financial results.

Glencore also has a stake in the copper mine Antapaccay, whose operation has been disrupted by the protests against Peruvian President Dina Boluarte.

In a separate regulatory filing Wednesday, Volcan said it had earlier suspended trading of its Class "A" common shares and Class "B", listed on the Lima Stock Exchange.

Peru is the world's second largest producer of copper, silver and zinc.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer
Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.136 0.215s - 149pq - 2rq
Subscribe Now