Glencore Is Said to Weigh Selling Stake in Kazakh Miner Kazzinc

Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar with the situation said.

A deal could value Glencore’s nearly 70% holding in Kazzinc at several billion dollars, the people said, asking not to be identified discussing a private matter.

Glencore is also in the process of selling the Kazzinc-operated Vasilkovskoye gold mine, the people said, having scrapped a previous sale more than seven years ago.

The gold mine and Kazzinc’s core zinc operations could be sold to separate buyers or a single party, according to some of the ...