{"id":6146,"date":"2011-12-15T12:21:00","date_gmt":"2011-12-15T10:21:00","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/update-1-exxaro-sells-namibia-mine-stake-to-glencore\/"},"modified":"2011-12-15T12:21:00","modified_gmt":"2011-12-15T10:21:00","slug":"update-1-exxaro-sells-namibia-mine-stake-to-glencore","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-exxaro-sells-namibia-mine-stake-to-glencore\/","title":{"rendered":"UPDATE 1-Exxaro sells Namibia mine stake to Glencore"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Exxaro says sells stake for undisclosed amount<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Glencore&#8217;s stake in mine to total 80.08 pct<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Dec 15 (Reuters) &#8211; South African miner<br \/>\nExxaro said on Thursday it has sold its 50 percent<br \/>\nstake in the Rosh Pinah zinc and lead mine in Namibia to<br \/>\nCommodities trader Glencore for an undisclosed amount.<\/p>\n<p><span><\/span><\/p>\n<p>The diversified miner also said Glencore has acquired a<br \/>\nfurther 30 percent stake in the mine from other shareholders,<br \/>\nbring its total stake to 80.08 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Namibian empowerment groups and other shareholders will hold<br \/>\nthe remainder of the mine, Exxaro said.<\/p>\n<p><span><\/span><\/p>\n<p>The deal is subject to regulatory approvals from Namibia and<br \/>\nSouth Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Reuters reported on the pending deal between Exxaro and<br \/>\nGlencore last month.<\/p>\n<p><span><\/span><\/p>\n<p>Exxaro said in July that it wanted to exit the zinc business<br \/>\nand focus on more lucrative parts of operations such as coal and<br \/>\niron ore.<\/p>\n<p><span><\/span><\/p>\n<p>Rosh Pinah zinc and lead mine is situated in southwestern<br \/>\nNamibia, 800 kilometers south of the capital Windhoek.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Exxaro says sells stake for undisclosed amount * Glencore&#8217;s stake in mine to total 80.08 pct JOHANNESBURG Dec 15 (Reuters) &#8211; South African miner Exxaro said on Thursday it has sold its 50 percent stake in the Rosh Pinah zinc and lead mine in Namibia to Commodities trader Glencore for an undisclosed amount. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6146"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}