Jan 06, 2017 · The billion Mutanda project is central to Glencore's global copper expansion plan. Glencore and Gertler began investing in mines at Mutanda and neighboring Katanga almost a decade ago. In 2015, Mutanda produced more than any other copper mine in .
May 18, 2018 · The mine is owned by the Kamoto Copper Company (KCC), which itself is a joint venture of Glencore's subsidiary Katanga Mining (OTCPK:KATFF) in .
Jul 30, 2021 · 2. 3. 4. Copper production rose 2% to 598,000 tonnes, while zinc output increased by 6% or 31,700 tonnes to 581,800 tonnes. Glencore produced 13,000 tonnes of cobalt from its own sources in the first half of the year, a 4% rise or 500 tonnes compared to the same period last year. KSB Group: Safe Sustainable Mining Operations.
· The merger of Mutanda and Kansuki consolidates Fleurette's stake in an important copper cobalt operation with significant scope for expansion. The current combined mining operations at .
Glencore made an investment of 650 million to develop this capacity. Glencore International operates the mine and has a 40% stake in the mine through a 50% holding in Samref Congo, which in turn holds 80% of Mutanda. Until recently, the stateowned Gécamines held the remaining 20%.
Glencore Xstrata grows its stake in Mutanda Mining Mutanda, with operations in Katanga, is seen as one of Glencore's key growth assets in Central Africa's copper belt and the cash purchase sees the mining and commodities trading major acquire the remaining percent indirect equality in the copper and cobalt producer.
Feb 14, 2017 · The Mutanda stake is valued at 922 million, and the holding in Torontolisted Katanga is valued at 38 million, according to the statement from Glencore. The deal increases Glencore's holding ...
May 19, 2021 · Glencore chief executive, Ivan Glasenberg, decided in August 2019 to suspend Mutanda. He said falling cobalt prices, increased costs, and higher taxes had dented the mine's economic viability.
Feb 13, 2017 · Fleurette Group Sale of Stake in Mutanda to Glencore. 3 billion in tax revenues generated by Mutanda and KCC since Fleurette's initial investment. Fleurette invested over US .
Feb 13, 2017 · By Barbara and Ross LONDON/KINSHASA (Reuters) Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of 960 million (£768 million). Company statements said Glencore now owns 100 percent .
Sep 13, 2018 · The DRC is a major producer of metals and minerals, accounting for 60% of the world's cobalt production. Glencore currently has a substantial stake in Katanga Mining, which produces cobalt and copper, and wholly owns the Mutanda copper mine. Both are loed in the Katanga province in the African Copperbelt region.
Aug 07, 2019 · In Minnesota, the company has gained new attention after it raised its stake in PolyMet Mining Corp., which is trying to build the state's first coppernickel mine, to majority control this spring.
GLENCORE PLC : News, information and stories for GLENCORE PLC | Hong Kong Stock Exchange: 0805 | Hong Kong Stock Exchange
Feb 11, 2020 · Glencore said it would provide up to 21,000 tonnes of cobalt contained in cobalt hydroxide between 2020 and 2024. The company said in December it expected its cobalt production to fall from 43,000t to 32,000t by 2022, having mothballed its Mutanda coppercobalt mine in the DRC in 2019 primarily due to low cobalt prices.
Glencore completes DRC acquisition Mining Weekly. Mining and commodities trading major GlencoreXstrata has paid 430million cash to complete the acquisition of the remaining % indirect equity interest in Mutanda ...
Glencore Increases Mutanda Equity : Cobalt Development Institute...of the remaining per cent indirect equity interest in Mutanda Mining Sarl ("Mutanda") held by High GradeGlencore Xstrata is one of the world's largest global diversified natural resource companies. Read more. Glencore invests in Congo hydropower as solution to blackouts. Mutanda's Kamoto mine in Katanga suffered ...
May 22, 2012 · The deals raise Glencore's indirect stake in Mutanda to 60% from 40% by increasing its stake in Samref Overseas to % from 50%. Samref Overseas owns an 80% indirect stake in Mutanda through ...
May 22, 2021 · Glencore, one of the world's leading producers of cobalt, produces cobalt mainly as a byproduct of copper mining in the Democratic Republic of Congo (DRC), but also as a byproduct of nickel mining in Australia and Canada. Mutanda is a largescale copper and cobalt operation in Katanga province DRC, producing cobalt hydroxide and copper ...
Feb 14, 2017 · The Mutanda stake is valued at 922mn, and the holding in Torontolisted Katanga is valued at 38mn, according to the statement from Glencore. The deal increases Glencore's holding to .
May 22, 2012 · These transactions boosted Glencore's stake in Samref Overseas from 50% to % and, indirectly, increased its in DRCbased copper and cobalt producer Mutanda Mining to 60% ("thereby obtaining ...
May 19, 2021 · Glencore Chief Executive Ivan Glasenberg decided in August 2019 to suspend Mutanda. He said falling cobalt prices, increased costs, and higher taxes had dented the mine's economic viability.
Feb 05, 2020 · However, it said a rampup at its Katanga mine partially offset the scaling down of its Mutanda operation. The improvement at Katanga also contributed to a 10% rise in cobalt production to 46,300 tonnes. Glencore is one of the biggest producers of cobalt, which is used in batteries for electric vehicles and portable electronics.