Glencore seals Rosh Pinah zinc mine acquisition

Dec 15, 2011 | 11:07 AM |

Switzerland-based commodities trader Glencore International has bought an 80.08% stake in Namibia’s second-largest zinc and lead producer, Rosh Pinah, for an undisclosed amount. Johannesburg Stock Exchange-listed Exxaro Resources said on December 15 that it has agreed to sell its 50.04% stake in Rosh Pinah to Glencore, confirming a report in Metal Bulletin last month. Namibia’s empowerment group, PE Minerals, which owned a 49% stake in Rosh Pinah,....

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