Glencore takes stake in Havilah

HAVILAH Resources says it has resolved a dispute with Glencore International over Glencore’s decision not to take part in the Kalkaroo project, with the Swiss-based company becoming a substantial shareholder instead.

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Glencore recently acquired a 12% stake in Havilah in satisfaction of a $A7 million repayment from Glencore subsidiary Glencopper to fund the Kalkaroo feasibility study.

Havilah will issue 10.

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