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Glencore provides offtake facility to 29Metals

Miner’s liquidity boosted after Capricorn copper operation setbacks

Michael Quinn
Rain severely impacted 29Metals plans at Capricorn. Credit: 29Metals

Rain severely impacted 29Metals plans at Capricorn. Credit: 29Metals

Rain impacted copper miner 29Metals has boosted its liquidity by signing a US$50 million offtake finance agreement with Glencore and getting another $16 million in its insurance as part of its claim for...

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