Mining titan Glencore now has a 6.11% stake in () following the final payment for a parcel of land at Araguaia in Brazil.
Horizonte bought the site from Glencore in 2015 for US$8mln and combined it with its own nickel development at Araguaia.
A final payment of US330,000 was contingent on a feasibility study for the enlarged deposit, which Horizonte filed in December.
Glencore received 13.9mln shares at 1.875p in settlement of the outstanding amount.
The trading giant acquired the nickel deposit through its acquisition of Xstrata.
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