February 13, 2017 / 4:20 PM / 5 months ago

Glencore agrees $960 million copper and cobalt deals

1 Min Read

LONDON, Feb 13 (Reuters) - Glencore has bought out the Fleurette group's 31 percent stake in Mutanda Mining and increased its stake in Katanga Mining in Democratic Republic of Congo for a total of $960 million, Glencore said on Monday.

Glencore now owns 100 percent of the Mutanda copper and cobalt mine and about 86 percent of Katanga.

Reporting by Rahul B in Bengaluru and Barbara Lewis in London; Editing by David Goodman

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