Glencore to acquire the remaining 56.25% in the MARA Project from Pan American for $475m.

Glencore, a Swiss multinational commodity trading and mining company, agreed to acquire the remaining 56.25% in the MARA Project, a copper project, from Pan American, a mining company based in Canada, for $475m. The Project was first formed through the integration of the Minera Alumbrera plant and mining infrastructure and Agua Rica project in a joint venture between Yamana Gold, Glencore and Newmont in December 2020.