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Glencore sells Bolivian assets to Santacruz Silver Mining

From canadianminingjournal.com

Santacruz Silver Mining (TSXV: SCZ; US-OTC: SZSMF), which owns the producing zinc-lead-copper Zimapan mine in Mexico’s Hidalgo state, is acquiring a portfolio of silver assets in Bolivia from Glencore (NYSE: GLEN). The assets include Glencore’s 45% stake in the producing Bolivar and Porco mining operations in its joint-venture with state-owned miner COMIBOL (55%); a 100% stake in the Sinchi Wayra business, which includes the producing Caballo Blanco mining complex; and the Sorocaya project; as well as the San Lucas ore sourcing and trading business. Under the deal, Santacruz will pay an initial US$20 million in cash ... (full story)

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