Baar, Switzerland
14 August, 2015
Sales of Tampakan, Falcondo and Sipilou
Glencore confirms that it has completed the sale of the Tampakan copper project. Glencore has also sold its stakes in the Falcondo nickel operation and Sipilou nickel project. The assets were inherited from Xstrata following the completion of the takeover in May 2013. The total proceeds raised from the sales are approximately USD$290m.
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www.glencore.com
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Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise of over 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 181,000 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.
