-- Glencore is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers didn't meet the valuation, Bloomberg reports citing unnamed sources.

-- The Switzerland-based mining giant--which holds a 70% stake in Kazzinc--had considered abandoning the business amid interest from Chinese buyers, Bloomberg reports.

--Glencore declined to comment when contacted by Dow Jones Newswires.


Full story: https://tinyurl.com/4pp9s762


Write to Christian Moess Laursen at christian.moess@wsj.com


(END) Dow Jones Newswires

07-03-24 0853ET