Glencore Acquires Additional Stake in Argentina MARA Project

September 26, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational commodity trading and mining company Glencore plc (Baar, Switzerland) has reached an agreement with Newmont Corporation (NYSE:NEM) (Denver, Colorado) to acquire Newmont's 18.75% stake in the MARA project in Argentina, which is a joint venture among Glencore, Newmont and operator Yamana Gold (NYSE:AUY) (Toronto, Canada). Yamana will remain the operator with a 56.25% stake.