Glencore moves to 92.4% of Asturiana

GLENCORE has lifted its stake in Spanish zinc miner Asturiana del Zinc to 92.4% as a result of its takeover bid.

Asturiana was the vehicle used by Glencore in its failed 1998 takeover bid for Australia's Western Metals.

Glencore has flagged that it wants to become a bigger player in the global zinc business.