Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. Glencore buys stakes in Mutanda and Katanga mines valued at ...
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Glencore plc Baar, Switzerland 20 November, 2017 Announcement in connection with Katanga Mining Limited Glencore notes the announcement today by Katanga Mining Limited ("Katanga") of the completion of an internal review of certain of Katanga's historic accounting practices (the "Review") and the restatement of
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Geotechnical failure at Katanga Mining Limited – Update 2. 9 March 2016. Glencore notes the update made by Katanga Mining Limited. The search for the remaining five individuals continues led by 20 search and rescue professionals. All available resources have been allocated to the team. Katanga continues to work closely with the …
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Glencore notes the update made today by Katanga Mining Limited. It is with deepest regret that two bodies have been recovered from the KOV open pit. The search for the remaining five individuals continues with all available resources allocated to the search and rescue operations. ... Glencore is one of the world's largest global …
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KCC is a joint venture between Katanga Mining Ltd (75% (wholly owned by Glencore, one of the world's largest globally diversified natural resource companies)) and the state-owned Général des Carrières et des Mines SA (Gécamines - 25%). KCC extracts ore containing copper and cobalt from its own open pit and underground mines.
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Credit: Katanga Mining Limited. Copper and cobalt producer Katanga Mining has announced its plans to raise around C$7.6bn (approximately $5.8bn) under a discounted …
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Glencore owns approximately 86.3% of Katanga. It has agreed to swap $5.8bn in debt for equity, which will raise further stake in the firm. As part of the $5.8bn in debt owed to Glencore, Katanga Mining will repay with approximately $1.5bn residual debt to Glencore. The residual debt of $1.5bn will remain outstanding until 2023.
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The company will also purchase Gertler's minority stake in Katanga Mining Ltd. (TSX:KAT), for $38 million, increasing its ownership in the company which owns the …
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In addition, Glencore has acquired a further 15,325,000 shares in Katanga Mining Limited ("Katanga"), corresponding to an approximate 0.8% stake, which were held as the security for a loan provided to ... subsequently merged with Katanga and the shares were exchanged for shares in Katanga. Glencore now owns of the shares in …
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Our operations. Kamoto Copper Company (KCC) KCC was established in 2008 through the merger of Nikanor's DRC Copper Project and Katanga Mining's Kamoto Operating …
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Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first …
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18 December, 2018. Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement ("Settlement Agreement") with the Ontario Securities Commission ("OSC"). Katanga will make a payment of C$30 million (US$22.5 million) as part of the settlement.
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Geotechnical failure at Katanga Mining Limited. 8 March 2016. Glencore notes the announcement made today by Katanga Mining Limited regarding a geotechnical failure on the north wall of the KOV open pit mine at Katanga's operation in the Democratic Republic of Congo.
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Glencore PLC's Congo-focused unit, Katanga Mining Ltd., said June 3 that it completed a transaction to go private. Glencore International AG took Katanga private through an amalgamation with Katanga subsidiary 836074 Yukon Inc. Under the terms, Katanga shareholders other than Glencore International will be entitled to receive 16 …
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Katanga Mining Limited; Koniambo; Glencore Australia; Viterra Australia; Bulga Coal; Liddell Coal; Mangoola; McArthur River Mine; Mt Owen Complex; Ravensworth operations; Ulan Coal; United Project; ... How you could learn and grow with Glencore's Industrial Placement Programme. Read more. 10/10/2023. World Mental Health Day - …
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Glencore has today purchased from subsidiaries of Fleurette Properties Limited ("Fleurette") the Fleurette group's remaining 31% stake in Mutanda Mining Sarl …
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Welcome to Katanga Mining Limited. On June 4, 2020, Katanga Mining Limited (TSX:KAT) became a Glencore group owned company and ceased to be listed …
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Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement ("Settlement Agreement") with the Ontario Securities Commission ("OSC"). Katanga will make a payment of C$30 million (US$22.5 million) as part of the settlement. The settlement agreement resolves a ...
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Glencore operates two copper-cobalt operations in the DRC. World map Our websites Contact us EN ... Aquarius Energy; Glencore in South Africa; Glencore in the DRC; Mutanda Mining; Kamoto Copper Company; Astron Energy; Katanga Mining Limited; Koniambo; Glencore Australia; Viterra Australia; Bulga Coal; Liddell Coal; Mangoola; …
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m: +41 79 944 5434. john.burton@glencore. Nicola Leigh. t: +41 41 709 2755. m: +41 79 735 3916. nicola.leigh@glencore. Notes for Editors. Glencore has received certain incoming press enquiries in relation to the potential acquisition of a further stake in Mutanda. Glencore is currently considering its strategic options in connection ...
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Glencore International AG entered into a definitive agreement to acquire the remaining 0.5% stake in Katanga Mining Limited for CAD 52.7 million. 20-04-21. CI. China Molybdenum : Congo mine closures would cause economic and …
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View all our past annual, financial and sustainability publications, as well as investor presentations and events. Filter. Title. Date. Format. BRM 2023 Public Responsible Supply Chain Due Diligence report. 21/03/2024.
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20-04-22. RE. Glencore International AG entered into a definitive agreement to acquire the remaining 0.5% stake in Katanga Mining Limited for CAD 52.7 million. 20-04-21. CI. China Molybdenum : Congo mine closures would cause economic and social crisis, minister says.
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The Katanga KOV copper-cobalt project is an open-pit project located in Lualaba province of the Democratic Republic of Congo (DRC). Katanga Mining owns and is operating the project through two joint ventures namely Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP). Glencore owns 86.3% of Katanga Mining …
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Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in ...
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This corporation is a subsidiary of Glencore, and is owned by the latter for a stake of 75%. Katanga Mining also holds a 75% stake in two joint ventures with Gécamines, a state-owned mining company in the DRC: Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).
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Baar, Switzerland 20 December 2019. Glencore refers to the announcement today by Katanga Mining Limited ("Katanga") in which it announced that Katanga's 75% …
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Own sourced copper production of 1,058,100 tonnes was 137,600 tonnes (12%) lower than 2021, due to the basis change arising from the sale of Ernest Henry in January 2022 (44,800 tonnes), the ongoing geotechnical constraints at Katanga (44,300 tonnes), Collahuasi planned mining sequence changes (26,100 tonnes) and a lower …
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Glencore notes the announcement today by Katanga Mining Limited ("Katanga") of the completion of an internal review of certain of Katanga's historic …
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Katanga Mining will subsequently owe Glencore $1.5 billion, reducing its debt from $7.7 billion after experiencing setbacks including a fall in the price of cobalt from record levels of $95,000 ...
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Mistakidis, who is retiring from Glencore at the end of this year, was hit with a $2.45 million fine and a four-year director ban at a public hearing on Tuesday by Canada's Ontario Securities Commission. Other Katanga Mining Ltd. directors including Liam Gallagher and its chief executive officer, Johnny Blizzard, were also sanctioned.
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Glencore refers to the announcement by Katanga Mining Limited ("Katanga") in which it announced that Katanga's Democratic Republic of the Congo ("DRC") state-owned joint venture partner, La Générale des Carrières et des Mines ("Gécamines"), in Katanga's 75% DRC operating subsidiary Kamoto Copper Company …
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Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares.
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