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Glencore Increases Stake In Mutanda Mining

May 22 2012 Commodities trader Glencore GLEN.L has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth 480 million marking the

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  • Glencore Takes Control Of Mutanda With 480 Million Deal
    News

    Glencore Takes Control Of Mutanda With 480 Million Deal

    May 22 2012 Commodities trader Glencore GLEN.L has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth 480 million marking the

  • Glencore May Take Full Control Of Mutanda Copper Mine
    News

    Glencore May Take Full Control Of Mutanda Copper Mine

    Jan 06 2017 Miner and commodities trader Glencore LONGLEN is mulling to hike its stake in the Mutanda mine in the Democratic Republic of Congo a copper asset it jointly owns with billionaire mining

  • Glencore Spends 960 Million On Drc Copper And Cobalt
    News

    Glencore Spends 960 Million On Drc Copper And Cobalt

    The company bought the remaining stake in the Mutanda mine and increased its interest in Katanga mine. Glencore LSEGLEN upped its involvement in the copper and cobalt markets this week after

  • Glencore Purchases Stakes In Mutanda And Katanga
    News

    Glencore Purchases Stakes In Mutanda And Katanga

    Tuesday February 14th 2017. Glencore has recently purchased from subsidiaries of Fleurette Properties Limited Fleurette the Fleurette groups remaining 31 stake in Mutanda Mining Sarl the Mutanda Shares and an approximate 10.25 stake in Katanga Mining

  • Update 2Glencore Takes Control Of Mutanda With 480
    News

    Update 2Glencore Takes Control Of Mutanda With 480

    May 22 2012 Raises stake in Congo copper operation to 60 pct Part of plan to merge Mutanda with nearby Kansuki. LONDON May 22 Reuters - Commodities trader Glencore

  • Glencore To Sell Copper Mine To Zambian State
    News

    Glencore To Sell Copper Mine To Zambian State

    Jan 19 2021 Swiss-based mining giant Glencore said Tuesday it was selling its stake in a high-profile Zambian copper mine to a state-owned Zambian concern. In a statement capping a

  • Glencore Shakes Up Management With Three Top Traders
    News

    Glencore Shakes Up Management With Three Top Traders

    Bloomberg -- Glencore Plc is shaking up its top management with three of its most senior traders set to depart -- the latest step in a wider changing of the guard at the worlds largest

  • Glencore To End Mutanda Cobalt Production Investing
    News

    Glencore To End Mutanda Cobalt Production Investing

    Glencore to End Mutanda Cobalt Production Scott Tibballs - August 6th 2019 Glencore will shutter the Mutanda copper-cobalt mine at the end of 2019 with the company blaming cobalt prices and DRC

  • Glencores Misadventure In The Congo Threatens Its Cobalt
    News

    Glencores Misadventure In The Congo Threatens Its Cobalt

    Nov 16 2018 Glencore acquired a 40 percent stake in Mutanda in a deal that valued the project at 150 million. About the same time the company poured

  • As Glencore Walks Colombia Envisages Decades Of Coal Mining
    News

    As Glencore Walks Colombia Envisages Decades Of Coal Mining

    Closely held Drummond Co. is expected to increase Colombia output by about 5 or 6 and the Cerrejon mine in which Glencore owns a stake has resumed operations after a 91-day strike last year

  • Glencore Takes Control Of Mutanda With 480 Mln Deal
    News

    Glencore Takes Control Of Mutanda With 480 Mln Deal

    May 22 2012 Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth 480 million marking the first step in a planned merger of the mine

  • Glencore Agrees 960 Million Copper And Cobalt Deals
    News

    Glencore Agrees 960 Million Copper And Cobalt Deals

    Glencore has bought out the Fleurette groups 31 percent stake in Mutanda Mining and increased its stake in Katanga Mining in Democratic Republic of Congo for a total of 960 million Glencore

  • Glencore Takes 480M Majority Stake In Congo Mine Law360
    News

    Glencore Takes 480M Majority Stake In Congo Mine Law360

    Glencore acquired a majority stake in the mine by boosting its stake in Samref Overseas from 50 percent to nearly 75 percent. . Glencore plans to combine the Mutanda mining project with its

  • Glencore Post A Drop In Copper Mining News Kitco
    News

    Glencore Post A Drop In Copper Mining News Kitco

    Feb 03 2021 Production picked up accordingly with year-over-year increases in zinc gold and silver production. He added Excluding Mutanda currently on care and maintenance 2020 copper production was in line with 2019 while cobalt production was 6200 tonnes higher reflecting Katangas continued successful ramp-up to design capacity levels

  • Glencore Agrees 960 Million Copper And Cobalt Deal With
    News

    Glencore Agrees 960 Million Copper And Cobalt Deal With

    Glencore has increased its hold on Democratic Republic of Congos copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its

  • Glencore Buys Stakes In Mutanda And Katanga Mining
    News

    Glencore Buys Stakes In Mutanda And Katanga Mining

    Today Glencore announced it will purchase the 31 stake in the copper-cobalt project owned by Gertlers Fleurette Properties Limited taking full ownership of the mine from its present 69 share

  • Dr Congo Glencore To Increase Stake In Mutanda Mine
    News

    Dr Congo Glencore To Increase Stake In Mutanda Mine

    Mining giant Glencore 6th largest mining company in the world according to PwC announced last Friday it would increase its stake in the Mutanda copper and cobalt mine in DR Congo. The company which already holds 69 of the project is currently looking at its options and may well buy

  • Glencore Takes Control Of Mutanda With 480 Million Deal
    News

    Glencore Takes Control Of Mutanda With 480 Million Deal

    May 22 2012 Commodities trader Glencore GLEN.L has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth 480 million marking the

  • Glencore Inks Ethical Cobalt Deal With Freyr
    News

    Glencore Inks Ethical Cobalt Deal With Freyr

    Mutanda the worlds largest cobalt mine is responsible for a fifth of global output. . Glencore has also acquired an equity stake in FREYR through its business combination with special

  • Major Mines Amp Projects Mutanda Mine
    News

    Major Mines Amp Projects Mutanda Mine

    In February 2017 Glencore announced that it had acquired the remaining 31 stake in Mutanda Mining Sarl Mutanda which it did not previously own. Following the acquisition Glencore owns 100 of the shares in Mutanda

  • Glencore Shakes Up Management With Three Top Traders
    News

    Glencore Shakes Up Management With Three Top Traders

    Bloomberg -- Glencore Plc is shaking up its top management with three of its most senior traders set to depart -- the latest step in a wider changing of the guard at the worlds largest

  • Glencores Mutanda Closure May Be Bargaining Tactic With
    News

    Glencores Mutanda Closure May Be Bargaining Tactic With

    Aug 15 2019 Glencore wrote to employees saying that the Mutanda mine is no longer economically viable over the long term also citing the DRCs new mining code as among the reasons for the closure. Glencore CEO Ivan Glasenberg is probably seeking special considerations for Glencores operations in DR Congo Ellis says

  • As Glencore Walks Colombia Envisages Decades Of Coal Mining
    News

    As Glencore Walks Colombia Envisages Decades Of Coal Mining

    Closely held Drummond Co. is expected to increase Colombia output by about 5 or 6 and the Cerrejon mine in which Glencore owns a stake has resumed operations after a 91-day strike last year

  • Glencores Rumbles In The Jungle More Body Blows For
    News

    Glencores Rumbles In The Jungle More Body Blows For

    Glencore stopped paying royalties to firms owned by Gertler it says to avoid violating sanctions against Gertler. But Gertler then moved to freeze assets of two Glencore mining companies Kamoto Copper Company and Mutanda Mining and wants 3bn in damages for future unpaid royalties says The Economist. Glencore is also fighting other battles

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