After concluding an agreement with certain shareholders of Volcan Compañia Minera S.A.A., a Peruvian polymetallic miner, Glencore will acquire at least an additional 27% of the total class A common shares of Volcan for a total consideration of $531 million ($1.215/share). Glencore has been a shareholder in Volcan since 2004 and it currently holds 18% of the total class A common shares of Volcan and class B common shares reflecting an economic interest in Volcan of 7.68%.

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