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4 September 2017

Trevali Mining Corporation acquired Perkoa Zinc mine in Burkina

4 September 2017

Glencore has sold its 90% stake in the Perkoa mine in Burkina Faso, and its 80% stake in the Rosh Pinah mine, as well as its 39% interest in the Gergarub project, both in Namibia, to zinc-focused base metals miner Trevali Mining Corporation for a total consideration of US$417.8-million.

The transaction included a cash payment of US$245-million and shares in Canada-based Trevali worth US$172.6-million and also an option to acquire a 100% interest in the Canada-based Heath Steele project, including related exploration properties and assets.

The Perkoa underground zinc mine, mill and sulphide flotation plant, located in the Sanguie Province at 120km to the west of the capital city Ouagadougou is 90% owned by Trevali and 10% owned by the Burkina Faso government.

It has proven mineral reserves of 1.7-million tonnes with 15.8% zinc. The production is 2000 t/d with an average recovery of 95%.

This massive sulfide ore is mainly composed of Fe-rich sphalerite (30%), pyrite (25%), barite (10%), hexagonal pyrrhotite (5%), magnetite (5%), and white mica.

Perkoa is a volcanic massive sulphides ore body and one of the world richest known zinc deposits.

4 September 2017

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4 September 2017
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To read on burkina-emine: INDUSTRIAL GOLD PRODUCTION IN BURKINA 2016 HIGHLIGHTS AND 2017 CHALLENGES .

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