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Glencore looks at sale of Kazakh gold mine as it steps up moves to cut debt

Glencore

is exploring options for its biggest gold mine — which could include a $2bn sale — as it steps up efforts to reduce its debt burden.

Chinese miners are expected to lead the running to buy the company’s Vasilkovskoye project in Kazakhstan, according to people familiar with the sale process, following a rebound in the price of the precious metal this year.

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