Glencore Reshapes Portfolio With Eurasian Stake And Kidd Mine Sale
Glencore (LSE:GLEN) has backed Shakhmurat Mutalip’s acquisition of a sizeable stake in Eurasian Resources Group, a transaction valued in the billions. The company has agreed to sell its Kidd operations to Discovery Silver under a definitive deal structure. The Kidd sale includes long term royalty interests and contingent payments linked to future project milestones. Glencore, trading at around £5.028, is making meaningful changes to its portfolio through these two deals. The shares are up...
Glencore (LSE:GLEN) has backed Shakhmurat Mutalip’s acquisition of a sizeable stake in Eurasian Resources Group, a transaction valued in the billions. The company has agreed to sell its Kidd operations to Discovery Silver under a definitive deal structure. The Kidd sale includes long term royalty interests and contingent payments linked to future project milestones. Glencore, trading at around £5.028, is making meaningful changes to its portfolio through these two deals. The shares are up...