Glencore completes sale of 73% stake in Mopani copper

Glencore has announced that its subsidiary Carlisa Investments Corp., in which Glencore holds 81.2% of the shares, completed the sale to ZCCM Investments Holdings plc of its 90% interest in Mopani Copper Mines as more fully described in Glencore’s announcement of 19 January 2021. Glencore continues to retain offtake rights in respect of Mopani’s production.

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group’s operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore’s industrial activities are supported by a global network of more than 30 marketing offices.  Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. Following the completion of the sale, Glencore’s companies employ around 135,000 people, including contractors.