Commodities producer and marketer Glencore has completed the purchase of a majority interest in Namibian zinc mining group Rosh Pinah Zinc Corporation.
Rosh Pinah operates an underground zinc/lead mine in south-western Namibia, 800km south of the capital Windhoek. In 2011, the mine produced 89,000 tonnes of zinc concentrate and 16,000 tons of lead concentrate in 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
House prices rising fastest in areas with highest crime rates – where does your area rank?Property prices are higher in safer areas but growing more slowly than in places benefiting from gentrification and buy-to-lets
-
State pension age review launched – could it rise faster in future?The government has announced a review of the state pension age, after it warned of a “retirement crisis” and revived the Pensions Commission to boost pension savings
