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Glencore plc #3681
Created at
2015-09-10
Last update
2015-09-10
0 Parents (Involvements as child)
3 Children (Involvements as parent)
ID
Name
Mopani Copper Mines Plc
Country of registration/origin
Zambia
Classification
Private company
Relationship
Subsidiary company
Ownership share
73.00 %
ID
Name
Mutanda Mining (MUMI)
Country of registration/origin
Congo, Dem. Rep.
Classification
Private company
Relationship
Subsidiary company
Ownership share
69.00 %
ID
Name
Mt. Labo Exploration and Development Corporation (MLEDC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
30 000 000
$
Loan date
2025-03-06
Comment
As previously reported (see ASX announcement dated 6 March 2025), Mt. Labo entered into a strategic partnership with Glencore to finance 100% of the planned capital expenditure for Stage 1 of Mabilo. The secured financing facility provides for a total of up to US$30M (in three-tranches), on attractive terms, for the development of Stage 1 of the Mabilo Project as well as working capital requirements:
1. Tranche A (for US$3.5M) provides early funding flexibility to complete Stage 1 project land acquisition, with limited conditions precedent;
2. Tranche B provides US$21.5M for the balance of development of Stage 1 of the Project together with any working capital needs
3. Tranche C provides US$5.0M for any additional working capital purposes subject to consent of both parties