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Glencore to cut workers at key DR Congo copper and cobalt ...

Glencore has faced a string of problems in the DRC over the past year. This month, the ministry of mines told a subsidiary to stop work on a new plant that would allow it to resume exports of ...

Board of Directors – Katanga Mining Limited

Katanga Mining Limited's six-person Board of Directors has a broad experience in the mining sector and strong connections in the Democratic Republic of Congo. The Board is committed to corporate governance standards consistent with best practices in the natural resources sector.

Glencore directors step down from DRC unit amid probe | Fin24

London - Three Glencore executives stepped down as directors of the Swiss trader's copper and cobalt unit, Katanga Mining, in the Democratic Republic of Congo after an internal review found "material weaknesses" in financial reporting controls at the operation.

Copper mining in the Democratic Republic of the Congo ...

Copper mining in the Democratic Republic of the Congo ... Many companies are involved in different aspects of copper mining in the DRC, and the names change constantly due to start-ups, acquisitions and divestitures. ... based in Democratic Republic of the Congo, owns various mining resources.

Truck spill near Glencore DRC mine, 20 die - news.com.au

Truck spill near Glencore DRC mine, 20 die. A truck carrying acid to Glencore's Mutanda Mine in Democratic Republic of Congo has collided with two other vehicles, killing about 20 people.

Key Glencore DRC Copper Project at Risk | Investing News ...

Kamoto Copper Company is at risk of dissolution after legal proceedings were filed against it by Gecamines in the Democratic Republic of Congo. ... of Glencore, one of the largest mining …

Glencore ceases cobalt sales from DRC mine, triggers ...

News that Glencore has temporarily suspended sales from its Kamoto cobalt project in the Democratic Republic of Congo has triggered a sudden price surge for cobalt, with the mineral's value soaring more than 12% within three days. ... Glencore ceases cobalt sales from DRC mine, triggers cobalt price surge. By. Imelda Cotton - November 9, 2018.

Katanga Mining announces settlement of DRC ... - glencore.com

Glencore refers to the announcement today by Katanga Mining Limited ("Katanga") in which it announced the settlement of the DRC legal dispute with La Générale des Carrières et des Mines ("Gécamines") and an agreement for the resolution of the capital deficiency at Katanga's 75% owned DRC operating subsidiary Kamoto Copper Company ("KCC").

Major Mines & Projects | Mutanda Mine

Mutanda Open Pit Mine is located 35 km E from Kolwezi, DRC. Data Access Keep me signed in. ... ("Mutanda"), which it did not previously own. Following the acquisition, Glencore owns of the shares in Mutanda. ... Katangan sedimentary succession which extends over more than 700 km from Zambia through the Katanga province of the DRC and ...

Glencore buys stakes in Mutanda and Katanga mines valued ...

Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. For the last month the Switzerland-based ...

Glencore to buy Gertler out of its DRC copper and cobalt ...

Glencore on Monday announced a $960m deal to buy Israeli billionaire Dan Gertler out of two of the mining-cum-trading company's copper and cobalt operations in the Democratic Republic of Congo.

Senior management – Katanga Mining Limited

Mr. Callow joined Mopani Copper Mines Plc from Mutanda Mining, a Glencore subsidiary in the Democratic Republic of Congo, where he had been General Manager since July 2007. He also served in various senior management positions in the South African mining industry. Mr.

Revealed: Glencore's secret loan to secure DRC mining ...

Paradise Papers show world's biggest miner lent millions to Israeli billionaire on condition authorities agreed to a deal

Glencore Spends $960 Million on DRC Copper and Cobalt ...

The mine is considered one of Glencore's main growth assets and is a key ... "The global cobalt market is becoming ever more dependent on supply from the Democratic Republic of Congo, where ...

Glencore is facing new legal challenge against Congo ...

Glencore headquarters in Baar, Switzerland (file). In the latest example of the commodity giant's deteriorating relationships in the Democratic Republic of Congo, a convicted fraudster has ...

DRC: IndustriALL mission finds Glencore gravely ...

DRC: IndustriALL mission finds Glencore gravely mistreating workers at cobalt mines 22.02.2018 An IndustriALL Global Union fact-finding mission to Glencore's copper and cobalt mines in the Democratic Republic of Congo (DRC) has uncovered alarming mistreatment of workers directly contradicting Glencore's claims.

Glencore faces questions over controversial DRC mine sales

Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore under pressure to explain deals. ... Glencore faces questions over controversial DRC mine sales. Brett Scott

Acid spill 50km from Glencore's Mutanda mine in DRC kills ...

AT least 18 people were killed some 50km from a mine owned by Glencore in the Democratic Republic of Congo (DRC) after a truck transporting sulphuric acid crashed and spilled its contents on to two other vehicles, said Bloomberg News.

Glencore's Katanga suspends cobalt sales from DRC mine

Katanga Mining, a unit of diversified major Glencore, on Tuesday announced a temporary suspension in cobalt exports and sales from its Kamoto mine, in the Democratic Republic of Congo (DRC), after ...

Glencore in Katanga, DRC | Raid

Glencore in Katanga, DRC A joint NGO report by RAID, Bread for All and Fastenopfer accuses the Anglo-Swiss mining company Glencore of serious human rights abuses in Katanga Province, DRC.

Democratic Republic of the Congo - glencore.com

Our DRC assets are located in a region where artisanal and small-scale mining (ASM) occurs. Although legal ASM does occur in the DRC, generally, such mining can be dangerous and involve child labour, which is a major concern to us.

Glencore downgraded on DRC woes - Mining Journal

Meet the industry leaders who shape the Future of Mining in Australia register now. Mining Journal Select London 2019 ... The pits: Issues at Glencore's DRC operations have now led to it being ...

Glencore, a hard-slugging mining giant, meets its match in ...

Glencore and other global mining firms in the DRC have so far failed to persuade the authorities in Kinshasa to relax some of the terms of the code, though negotiations are said to be continuing.

Acid truck collison near Glencore mine in the DRC kills 20 ...

About 20 people were killed when a truck transporting acid to Mutanda Mining owned by Glencore in the Democratic Republic of Congo collided with two people carriers about 50km from the site. The ...

Glencore Buys Out Billionaire With $1 Billion Congo Mining ...

Feb 13, 2017· Glencore Plc agreed to a $960 million deal that will boost ownership of two giant Congolese cobalt and copper mines, and sever its ties with controversial Israeli billionaire Dan Gertler.

Truck spill near Glencore DRC mine, 20 die

About 20 people have died after a truck carrying acid to Glencore's Mutanda Mine in the Democratic Republic of Congo collided with two other vehicles, Glencore says. The accident occurred on ...

GLENCORE: URANIUM CONTENT FORCES CLOSURE OF DRC …

Glencore subsidiary Katanga Mining has halted cobalt exports from its Kamoto Project in DRC while it builds a $US25M ion exchange system facility to remove uranium ...

Glencore resumes payments to dodgy Dan Gertler as it ...

Gertler, a close friend of Democratic Republic of Congo's President Joseph Kabila, owns the rights to contractual payments from two Glencore-owned mines in Congo. Those rights are worth tens of millions of dollars per year, but payments were temporarily halted following the sanctions.

DRC: Glencore to cut expatriate staff at Mutanda mine ...

The relationship between Glencore and the Congolese government has deteriorated in recent months, following the adoption of a new mining code.

Glencore's Congo mining conundrum | Reuters

Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred ...

Mining the DRC – Doing business in the world's second ...

Glencore employees at Kamoto Underground Mine. Images courtesy of Katanga Mining Limited. In 2012 cobalt produced in the DRC reached 55% of global production, and the country still has an estimated $24 trillion of untapped minerals.

Mutanda Mine - Wikipedia

The Mutanda Mine is an open-pit copper mine in the Katanga Province of the Democratic Republic of ... In November 2011 Glencore confirmed that it should compete its expansion in ... the IMF was providing loans to the DRC worth $561 million to improve the economy. Gécamines had recently sold its 20% share of the Mutanda project, worth an ...

Glencore Faces Off Against Labor Group on Congo Mine ...

Mar 23, 2018· Glencore Plc defended working conditions at its mines in the Democratic Republic of Congo after an international labor federation said its employees are poorly treated and underpaid.