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Commodities giant Glencore buys majority in Peru’s Mina Justa copper mine for $475 million

Prince Edward Island Guardian | July 18, 2011 | 11:01 am Base Metals Europe Latin America Copper Zinc 
Inca Peruvian Mining's new processing plant may reduce production costs by 50%

Commodities giant Glencore says it is buying a majority stake in Peru’s Mina Justa copper mine for $475 million.

Swiss-based Glencore International PLC said Monday the purchase of a 70 per cent stake in Marcobre SAC from CST Mining Group Limited is subject to inspection of the books and price adjustment.

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