January 24, 2024
Glencore’s Transfer of Horne 5 Operations to Falco Resources
Glencore transfers the Horne 5 project to Falco Resources
Glencore recently announced its decision to grant operational rights of the Horne 5 project to Falco Resources, with Glencore retaining priority over the operations. Falco is required to provide financial assurances, guarantees, and indemnification to cover potential risks and losses to the smelter, with Glencore maintaining the right to enforce remediation, suspension, or other risk mitigation measures to protect the Horne smelter. Falco’s president and CEO, Luc Lessard, expressed optimism about the project’s progress, citing the successful completion of the OLIA and life-of-mine copper-zinc concentrate offtake agreements with Glencore as pivotal factors. The company is now focused on advancing the
