Currently viewing Global edition

Glencore further backs Minnesota mining hopeful

Glencore has doubled its stake in Minnesota polymetallic mining hopeful PolyMet Mining Corp (TSX: POM; NYSE American: PLM) through a rights offering which was designed to eliminate a Glencore debt.

Glencore further backs Minnesota mining hopeful Glencore further backs Minnesota mining hopeful Glencore further backs Minnesota mining hopeful Glencore further backs Minnesota mining hopeful Glencore further backs Minnesota mining hopeful

PolyMet plans to use a former steel mill to process ore from its NorthMet project in Minnesota

Polymet said it raised about US$265 million by issuing the full allotment of almost 683 million shares pursuant to the offering, with Glencore acquiring more than 627 million shares to take its stake

topics

loader