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Thndr Claps » Saudi Claps » Industrials 🏗 » AMAK signs agreement with Glencore International

AMAK signs agreement with Glencore International

by Omar El Shorafa
January 12, 2023

The Clap
Al Masane Al Kobra Mining Company “AMAK” signed a multi-year sales agreement with Glencore International.

What
The agreement will see AMAK selling all of its zinc and copper concentrates produced from mining operations in Saudi Arabia.

So What
Glencore will provide technical services related to the company’s mining operations, and support the company’s production operations to achieve maximum value.

Now What
AMAK indicated that the financial impact will appear during Q4 2023.

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