UPDATE 1-Glencore to seek HK IPO approval this week – sources

* Glencore set to meet Hong Kong exchange on IPO approval

* Dual London, Hong Kong listing could raise $10 bln

(Adds potential size of IPO, HK bourse declines to comment)

HONG KONG, March 28 (Reuters) – Glencore , the
global commodities trading giant, is set to appear before the
listing committee of the Hong Kong stock exchange this week,
moving forward with its roughly $10 billion IPO, sources with
direct knowledge of the plans told Reuters on Monday.

Glencore, based in Baar, Switzerland, did not have an
immediate comment on the IPO plans. The Hong Kong exchange
declined to comment.

The exchange’s listing committee regularly meets on
Thursdays. Occasionally, it meets earlier in the week to review
large offerings.

The company has met with investors in the past weeks to
gauge interest in an offering, with several of its key trading
partners in Asia showing interest to buy the stock.
[ID:nTOE72Q009]

The IPO would give the company cash to fund expansion of its
mining assets around the world, while Glencore could also use
the stock as a currency for acquisitions.

(Reporting by Elzio Barreto and Fiona Lau; Editing by Chris
Lewis and Muralikumar Anantharaman)

UPDATE 1-Glencore to seek HK IPO approval this week – sources