Menu

Scharf LEVliquid-cooled 90 kW electric motor with 655 Nm of torque, fed by a dielectric-washed 40 kWh battery, with a range of 220 km, will take you anywhere in your mine.

Tektoseal - Active PFAS Pollutant barriers for per- and polyfluorinated alkyl substances (PFAS)

Proposed Sale of Glencore’s Bolivian Zinc Assets

Glencore announced that it has reached agreement with Santa Cruz Silver Mining, Ltd for it to acquire the holding companies which own Glencore’s Bolivian zinc assets, comprising of Sinchi Wayra and Illapa.

Glencore will receive an initial amount of USD20 million (subject to customary working capital adjustments) (the “Initial Consideration Amount”) on the completion date and a further USD90million (the “Deferred Consideration Amount”) to be paid within 4 years or less (depending on certain market standard mandatory and early prepayment provisions) from completion.

Completion of the sale is conditional on, without limitation, receipt of certain regulatory approvals in Canada and is expected to occur within the next three months.

At completion, Glencore will enter into a number of net smelter royalty agreements each at 1.5% in respect of the Bolivian mining business with Santa Cruz which provide for continued life of mine payments based on the performance of the relevant mines. Glencore will also retain offtake rights for life of mine in respect of the production from the relevant mines.

BMO Capital Markets is acting as financial advisor to Glencore in connection with the transaction.

Source: Glencore

back to top

Our Web Adresses

Idea and Programming

Akzeptieren/Accept

Diese Website verwendet nur technisch notwendige Cookies. Sie werden nicht getrackt und Ihre Daten werden nicht weitergeleitet an Dritte. Durch die Nutzung dieser Webseite erklären Sie sich damit einverstanden, dass Cookies gesetzt werden. Mehr erfahren

This website uses only technically necessary cookies. You are not tracked and your data are not passed on to third parties. By using this website, you consent to the use of cookies.