Glencore Considers Sale of Kazzinc Stake to Kazakh Businessman

Glencore is negotiating the sale of its stake in Kazzinc, a major mining company in Kazakhstan, to local entrepreneur Shakhmurat Mutalip. Bloomberg posted on X that this transaction is part of a broader series of deals that could significantly alter the mining sector in Kazakhstan. The discussions are ongoing, and the potential sale reflects Glencore's strategic move to adjust its portfolio in the region. Kazzinc is a key player in Kazakhstan's mining industry, and the sale could have substantial implications for the country's economic landscape. Further details about the negotiations and the impact on the mining industry are yet to be disclosed.