Peruvian miner Volcan confirms Glencore exploring 23% stake sale
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation