[miningmx.com] – GLENCORE may consider returning cash earned from the $7bn sale of its Las Bambas asset to shareholders, said Bloomberg News.
The newswire quoted Glencore as saying that it would “… continue to look for opportunities to reinvest capital”. Any surplus capital “will be returned to shareholders, within an appropriate time frame and structure’, it said.
Glencore announced today it had sold Las Bambas to a group of Chinese companies led by the state-owned China Minmetals Corporation. The sale price was higher than the $5.85bn quoted earlier owing to reimbursements for spending at the site since January 1, said Bloomberg News.
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