Rosh Pinah controlling interest completed

RNS Number : 0467F

Glencore International PLC

11 June 2012

 



Baar, Switzerland                                                                                               11 June, 2012

GLENCORE COMPLETES ACQUISITION OF CONTROLLING INTEREST IN ROSH PINAH

Glencore International plc today announces that it has, through a subsidiary, completed the acquisition of an 80.08 per cent interest in Rosh Pinah Zinc Corporation (Proprietary) Limited, a zinc mining business in Namibia.

Rosh Pinah operates an underground zinc/lead mine in south-western Namibia, 800 kilometres

south of Windhoek. The mine produced 89,000 tonnes of zinc concentrate and 16,000 tons of lead concentrate in 2011. Intensive on-mine exploration is underway to add to the total mineral resource base of 8 million tonnes. 

Daniel Maté, co-director of the Zinc/Copper/Lead department, said: "We are pleased to have completed this acquisition.  Rosh Pinah will add further value to Glencore as part of our geographically diverse zinc operations.  We see a lot of opportunity in Namibia and look forward to proceeding with the future development of Rosh Pinah".

For further information, please contact:

Paul Smith (Investors) t: [phone] m: [phone] e: [e-mail]	Simon Buerk (Media) t: [phone] m: [phone] e: [e-mail]	Finsbury (Media) Guy Lamming Dorothy Burwell t: [phone]
Elisa Morniroli (investors) t: [phone] m: [phone] [e-mail]	Charles Watenphul (Media) t: [phone] m: [phone] [e-mail]

About Glencore International plc

Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

 

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