Copper and cobalt producer Katanga Mining has announced its plans to raise around C$7.6bn (approximately $5.8bn) under a discounted rights offering with parent organisation Glencore. Drilling in Katanga's Kamoto …
"To put this into perspective, to meet the incremental demand from EVs through 2030, an additional eight mines the size of Glencore's Katanga would be required," the document reads.
Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC).
Today Glencore announced it will purchase the 31% stake in the copper-cobalt project owned by Gertler's Fleurette Properties Limited, taking full ownership of the mine from …
Today Glencore announced it will purchase the 31% stake in the copper-cobalt project owned by Gertler's Fleurette Properties Limited, taking full ownership of the mine from its present 69% share ...
Glencore est l'un des plus grands producteurs et négociants de cuivre au monde. En République démocratique du Congo, nous extrayons et traitons le minerai de cuivre dans nos exploitations Kamoto Copper Company (KCC) et Mutanda Mining (MUMI).
Glencore notes the announcement by Katanga Mining Limited that Katanga has entered with others into a settlement agreement with the Ontario Securities Commission. ... Glencore and Katanga intend to enter into a …
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.
KCC is a joint venture, with 75% held by Katanga Mining Ltd (indirectly wholly owned by Glencore plc one of the world's largest globally diversified natural resource companies.) and 25% held by the state-owned Général des Carrières et des Mines SA (Gécamines). KCC's RMI identification number is CID003261 (cobalt) and CID004394 (copper). 2.
4. Katanga operates copper and cobalt mining and refinery facilities in the Democratic Republic of the Congo ("DRC"), a country perceived to have significant risk of public sector corruption. 5. Glencore has been Katanga's majority shareholder since 2009. Glencore acquired control of Katanga through a series of transactions that commenced in 2007.
Glencore notes the announcement made by Katanga Mining Limited (Katanga) on 11 September that the Board of Katanga has confirmed the suspension of copper and cobalt production for 18 months. Katanga will continue with the planned investment of USD880 million into ongoing processing plant upgrades and the waste stripping of the KOV and Mashamba ...
On April 22, 2020, Katanga Mining Limited ("Katanga" or "The Company") announced that it had entered into a definitive agreement with Glencore International AG pursuant to which Glencore …
Summary of the conflict: The company Katanga Mining Ltd. operates a copper-cobalt project in the Democratic Republic of Congo (DRC). This corporation is a subsidiary of Glencore, and is owned by the latter for a stake of 75%.
According to sources familiar with the matter, the two commodity traders successfully bid for copper from the Tenke Fungurume mine, which is majority-owned by China's CMOC Group Ltd. Mercuria secured 50% of Gécamines' allocated copper, while Glencore obtained 25%. The remaining 25% has yet to be assigned.
The adjusted cash consideration payable by Glencore for these transactions is $534m. Furthermore, Glencore has bought additional 15,325,000 shares in Katanga Mining that forms nearly 0.8% stake. This additional stake is held as a security for the loan provided to Fleurette group member Ruwenzori, which acquired 25 million shares in Nikanor.
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. Katanga has set up two emergency rooms to support the search and ...
Katanga a été achetée cash (452 000 000 $ en espèces) aux actionnaires de Nikanor.En janvier 2008 Nicanor a fusionné dans Katanga Mining [3]. Katanga Mining Ltd est détenue en majorité par la multinationale anglo-suisse Glencore [2].. En 2007, une coentreprise (coentreprise) de Katanga Mining (75 %) et de Gécamines (25 %) commence à exploiter la …
Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and …
Katanga Mining Limited; Koniambo; Glencore Australia; Viterra Australia; Bulga Coal; Liddell Coal; Mangoola; McArthur River Mine; Mt Owen Complex; Ravensworth operations; Ulan Coal; United Wambo Joint Venture Open Cut; ... Congratulations to this year's Glencore Women in Mining 100 finalists. Read more; 14/11/2024.
Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement ("Settlement Agreement") …
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 …
Therefore, Glencore was Katanga's sole customer during the Material Time (with the exception of certain instances in which Katanga sold concentrate to third parties). 30. In addition to being Katanga's sole customer (other than as referred to in the paragraph above), Glencore financed Katanga's operations. It did this through: (i) prepayments ...
(c) Katanga's submissions found within the U.S. Federal District Court of the District of New Jersey, Katanga Mining Limited Securities Litigation, 17-cv-12188-CCC-JBC (D.NJ); (d) Glencore's non-core document disclosure dated April 25, 2019, Glencore's 2019
"Katanga Mining Limited… has entered into a definitive agreement with Glencore International pursuant to which the company would be taken private by way of an amalgamation of the company with 836074 Yukon Inc.," Katanga said in a statement. ... Katanga shareholders other than Glencore will receive 0.16 Canadian dollars in cash per share ...
KCC was established in 2008 through the merger of Nikanor's DRC Copper Project and Katanga Mining's Kamoto Operating Limited. In 2013, Glencore acquired a 75% stake in the business. ... Mutanda Mining (MUMI) is an integrated producer of copper and cobalt located in the Lualaba region of the DRC. Mutanda Mining is currently fully owned by ...
Glencore has today purchased from subsidiaries of Fleurette Properties Limited ("Fleurette") the Fleurette group's remaining 31% stake in Mutanda Mining Sarl (the "Mutanda …
10.25% stake in Katanga Mining Limited (the "Katanga Shares"). ... subsequently merged with Katanga and the shares were exchanged for shares in Katanga. Glencore now owns of the shares in Mutanda and approximately 86.33% of the shares in Katanga. The transactions (taken together) constitute a smaller related party transaction as ...
Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine.
Glencore plc . Baar, Switzerland . 22 April, 2018 . KATANGA MINING PROVIDES UPDATE ON KCC RECAPITALISATION PROCESS AND NOTES COMMENCEMENT OF DRC LEGAL PROCEEDINGS BY GÉCAMINES . Glencore refers to the announcement by Katanga Mining Limited ("Katanga") in which it announced that Katanga's Democratic Republic of the Congo …
The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
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 …
Glencore en Afrique du Sud; Kamoto Copper Company; Astron Energy; Katanga Mining Limited; KONIAMBO; Glencore in Australia; Viterra Australia; Bulga coal; LIDDELL COAL; MANGOOLA; McArthur River Mine ; MT OWEN COMPLEX; RAVENSWORTH OPERATIONS; ULAN COAL; United Wambo Joint Venture Open Cut; Wandoan Coal;
Mark Davis, Chief Executive Officer / Executive Director of Katanga Mining Ltd, a subsidiary of Glencore, was received by Sylvestre Ilunga Ilunkamba on Tuesday. The two men took stock of the activities of this mining company in the DRC. He also presented promising prospects for his company in the coming days.
Katanga Mining Limited; Koniambo; Glencore Australia; Viterra Australia; Bulga Coal; Liddell Coal; Mangoola; ... Glencore is one of the world's leading producers and marketers of copper. ... Katanga is a large-scale copper-cobalt operation …
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 contribution from Mount ...
According to an analysis by the British agency Reuters published on this subject, it appears that Glencore produced 20,400 tonnes of cobalt (+7%) in the first half of 2023, dependent on its Mutanda mine not in good enough shape, delivering only 5,800 tonnes, a situation offset by the improvement in cobalt recoveries at Katanga Cooper Company ...