Glencore International working on deal to acquire Jamalco

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It has been revealed that one of the world's largest suppliers of commodities and raw materials, Glencore International is closing in on a deal to acquire the Government's stake in the Jamalco refinery.
According to an internet report, the sale which will make the Swiss-based Glencore a 45-percent owner of the refinery, should be announced in a few weeks.

When contacted last night, Mining Minister James Robertson, declined to comment directly on the report.