# Glencore to acquire Newmont's 18.75% stake in MARA Project for $124.9 million

Glencore International AG agreed to acquire Newmont Corporation's 18.75% shareholding in the MARA Project in Argentina for $124.9 million at closing plus a deferred payment of up to $50 million. After completion, Glencore will own 43.75% of MARA.

- Type: Acquisition
- Announced: 2022-09-23
- Where: Catamarca province, Argentina, Argentina
- Value: $124.9M
- Status: announced
- Products: copper, gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Newmont](https://endata.com/companies/33369.md) (target)
- [Yamana Gold Inc.](https://endata.com/companies/45821.md) (partner)
- [Glencore International AG](https://endata.com/companies/46726.md) (acquirer)

## Sources

- [newmont.com](https://www.newmont.com/investors/news-release/news-details/2022/Glencore-to-Acquire-Newmonts-Stake-In-MARA-Project/default.aspx), 2022-09-23: "Glencore will acquire Newmont’s 18.75% shareholding in the MARA Project (MARA)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.