Website traffic statistics
Pages viewed and unique visitors to BMI Online
Month/
year
Page
views
Unique
visitors
Nov '17186,6944,911
Oct '17178,6285,174
Sep '17192,8444,912
Aug '17196,2914,912
Jul '17183,9904,536
Jun '17213,8404,718
May '17208,0024,709
Apr '17209,6095,732
Mar '17207,8285,519
Feb '17154,7744,497
Jan '17162,7485,424
Dec '16174,7104,499
Nov '16183,1244,223
Oct '16201,6125,012
Sep '16174,0124,418
Aug '16186,9044,301
Jul '16211,4284,227
Jun '16161,1504,522
May '16180,2263,919
Apr '16169,2353,802
Mar '16153,8634,628
Feb '16138,4273,844
Jan '16141,0563,839
Dec '15151,7113,377
Nov '15149,9994,339
Oct '15171,4833,703
Sep '15146,7303,457
Aug '15152,8413,795
Jul '15180,6463,562
Jun '15165,6983,614
May '15227,4793,618
Apr '15161,2163,834
Mar '15130,0503,768
Feb '15126,4703,520
Jan '15130,1894,088
Dec '14111,3983,813
Nov '14124,4784,181
Oct '14131,8184,056
Sep '14123,8584,180
Aug '14102,9833,400
Jul '1496,3203,251
Jun '1493,4553,468
May '14111,1143,829
Apr '14100,0373,844
Mar '1494,7173,888
Feb '1481,2193,609
Jan '1452,5983,538
Dec '1338,7992,300
Nov '1332,9942,672
Oct '1335,8132,617
Sep '1329,4992,530
Aug '1333,7743,758
Jul '1329,5593,996
Jun '1343,2453,765
May '1335,2703,865
Apr '1338,0683,786
Mar '1358,8314,255
Feb '1336,2964,497
Jan '1336,6074,208
Dec '1236,5184,003
Nov '1237,2064,144
Oct '1241,5014,151
Sep '1239,6183,243
Aug '1258,0694,113
Jul '1236,9364,278
Jun '1230,2263,241
May '1226,6422,900
Apr '1236,7782,953
Mar '1233,3133,329
Feb '1232,1494,071
Jan '1223,0233,568
Dec '1130,4783,022
Nov '1127,8413,394
Oct '1126,5283,175
Sep '1125,1252,889
Aug '1128,1962,806
Jul '1127,3502,728
Jun '1128,2072,684
May '1127,3082,659
Apr '1129,9762,538
Mar '1135,4002,797
Feb '1132,5483,004
Jan '1136,2913,044

Bulk Materials International: For bulk handling and transportation professionals worldwide.
CLICK HERE for our FREE weekly eNewsletter
Search: 

Published: 5 October 2017      

Glencore to buy Volcan voting shares

Glencore reached an agreement to acquire 26.73% of the total class A common shares of Volcan Compañia Minera S.A.A.

The agreement is with certain “selling” shareholders of Volcan to acquire the voting shares at US$1.215 per share for a total consideration of US$531M.

Glencore has been a shareholder in Volcan since 2004. The mining giant currently holds 18.11% of the total class A common shares of Volcan and 0.02% class B common shares, reflecting an economic interest in Volcan of 7.68% (taking into account the class B common shares and excluding treasury shares).

In order to implement the acquisition, Glencore said it intends to make an offer to all of Volcan’s shareholders via a public tender offer, or oferta pública de adquisición de acciones, subject to the laws and regulations of the Republic of Peru.

The offer will be for up to 48.19% of the total class A common shares of Volcan at an offer consideration of US$1.215 per class A common share. The selling shareholders have agreed to accept the offer for all of their shares.

Following the closing of the offer, depending on the level of acceptances, Glencore will hold between 44.84% and 66.30% of the total class A common shares, and will have an economic interest in Volcan of between 18.98% and 28.07% (taking into account the class B common shares and excluding treasury shares).

The aggregate consideration payable by Glencore will be between US$531M and US$956M, depending on the level of acceptances. This will be payable in cash on the closing of the offer, and will be funded by Glencore out of existing cash resources, the firm said. It added that the transaction is in line with Glencore’s financial policy.

“Glencore expects to make the Offer to Volcan shareholders by no later than 27 October 2017 and the Offer is expected to complete in November/ December 2017,” said Glencore.

Volcan’s operations are located in the richest polymetallic production area in Peru, producing some of the highest quality zinc concentrates. Glencore said: “The transaction will provide an increase and extension of Glencore’s zinc production profile and the opportunity for synergies with Glencore’s existing Peruvian zinc operations.”


To find out more about Bulk Materials International:
  • Click here to order a back issue
  • Click here to subscribe to Bulk Materials International
  • Click here for a sample back-issue of Bulk Materials International
  • Read related items
    Click on the links below to read other news and features related to this item.
  • America - South) Peru) Peru
  • Glencore
  • Volcan Compaņia Minera S.A.A
  • Mining

















  • All contents © WCN Publishing, 24 Bridge Street, Leatherhead, Surrey KT22 8BX, England.