Glencore, First Quantum seal Zambian deal

摘要

Glencore and First Quantum have together completed an agreement with the Zambian government to buy a 90 percent stake in a new company, Mopani Copper Mines, that will acquire ZCCM's Mufulira Division and the Nkana Mines unit, including the concentrator and cobalt plant.ZCCM will retain a 5 percent free stake and a 5 percent repayable carried interest in Mopani. Glencore has a 51 percent voting interest in the consortium it has formed with First Quantum. The partners will pay ZCCM