Glencore Kazzinc Stake Sale Tests Buyer Credibility And Capital Plans
Glencore is exploring a sale of its roughly 70% stake in Kazakh miner Kazzinc Ltd to Shakhmurat Mutalip, a little known Kazakhstani buyer. The potential deal has drawn attention because of limited public information on the purchaser, financing terms and regulatory scrutiny. Separately, Glencore's joint venture has received an electricity tariff reduction from Eskom, which could affect operating costs at related assets. LSE:GLEN is attracting fresh interest as investors weigh what a possible...
Glencore is exploring a sale of its roughly 70% stake in Kazakh miner Kazzinc Ltd to Shakhmurat Mutalip, a little known Kazakhstani buyer. The potential deal has drawn attention because of limited public information on the purchaser, financing terms and regulatory scrutiny. Separately, Glencore's joint venture has received an electricity tariff reduction from Eskom, which could affect operating costs at related assets. LSE:GLEN is attracting fresh interest as investors weigh what a possible...