Glencore buying in to Hydro Alunorte alumina refinery, MRN bauxite mining in Brazil

Glencore will acquire 30% of Hydro’s Brazilian alumina refinery Hydro Alunorte and Hydro’s 5% ownership in the Brazilian bauxite producer Mineracão Rio do Norte (MRN). MRN is Brazil’s largest bauxite producer. Glencore will also acquire an additional 40% stake in MRN, which is currently owned by Vale. This 40% interest...

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