Glencore considers bid for ENRC manganese subsidiary

ENRC manganese subsidiary: Glencore, oneof the world’s largest global diversified natural resource companies Glencore Xstrata is considering making an offer for the Zhairem GOK, the subsidiary of Kazakhstan’s Eurasian Natural Resources City (ENRC) which is in charge of its manganese assets and operations. A sale of the subsidiary, which produces manganese concentrate for use in steel production, could fetch between $100m and $200m, ¬†according to unnamed sources. AKI Press