Rio Tinto hails another step closer to develop Serbian lithium mine
If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.
Global Capital Merchants said on Friday it had acquired Glencore’s warehousing and logistics unit Access World Group, which was founded in 1933 and acquired by the London-listed miner in 2010.
Global Capital Merchants did not disclose how much it had paid for the unit.
Access World Group currently operates a network of port and warehouse facilities in key locations in the Americas, Asia, Europe, the Middle East, and Africa, the company said in a release.
Global Capital Merchants is incorporated in the British Virgin Islands.
(By Pratima Desai; Editing by Susan Fenton)
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