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GLENCORE PLC - GLN: Completion Of Sale Of Underlying 73% Stake In Mopani.

Release Date: 31/03/2021 12:04
Code(s): GLN     PDF:  
Wrap Text
GLN: Completion Of Sale Of Underlying 73% Stake In Mopani.

GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955

Baar, Switzerland
31 March 2021


         Completion of sale of underlying 73% stake in Mopani


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


For further information please contact:
Investors
Martin Fewings                t: +41 41 709         m: +41 79 737   martin.fewings@glencore.com
                              2880                  5642
Media
Charles Watenphul             t: +41 41 709         m: +41 79 904 33 charles.watenphul@glencore.com
                              24 62                 20
www.glencore.com

Glencore LEI: 2138002658CPO9NBH955


Notes for Editors


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. We also provide financing, logistics and other
services to producers and consumers of commodities. Following the completion of the
sale, Glencore's companies employ around 135,000 people, including contractors.


Glencore is proud to be a member of the Voluntary Principles on Security and Human
Rights and the International Council on Mining and Metals. We are an active
participant in the Extractive Industries Transparency Initiative. Our ambition is
to be a net zero total emissions company by 2050.


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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and
distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used
for convenience only where references are made to Glencore plc and its subsidiaries in
general. These collective expressions are used for ease of reference only and do not imply
any other relationship between the companies. Likewise, the words “we”, “us” and “our” are
also used to refer collectively to members of the Group or to those who work for them. These
expressions are also used where no useful purpose is served by identifying the particular
company or companies.



SPONSOR
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Date: 31-03-2021 12:04:00
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