• Glencore purchases stakes in Mutanda and Katanga

    Glencore has today purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).

  • DRC says Ok for Glencore to take full control of

    12-1-2017· The Democratic Republic of Congo won’t stand in the way of Glencore’s (LON:GLEN) plans to increase its stake in the Mutanda copper mine, an asset it jointly owns with billionaire mining tycoon Dan Gertler. Mines Minister Martin Kabwelulu told Bloomberg he “didn’t believe” the government

  • Mutanda Mining Sarl Glencore

    Mutanda Mining Sarl. Glencore plc Baar, Switzerland 5 January, 2017. 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 with Mutanda and a further announcement will be made in due course, if appropriate.

  • Glencore buys stakes in Mutanda and Katanga

    13-2-2017· 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 commodities trader has been studying strategic options for the Mutanda copper mine in

  • Mutanda Mine Wikipedia

    Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi). In August 2011 Glencore's CEO said the company planned to combine the two properties and to increase its share to over 50%.

  • Coordinates: 10°47′09″S 25°48′30″E / 10.7858°S
  • Glencore faces third Congo legal challenge

    8-6-2018· Brown, one of the founders of Mutanda Mining — the world’s No.1 cobalt producer —, claims he’s owed $1 billion in compensation for a 19% stake he previously held in that company, and which was allegedly sold to Glencore in two fraudulent transactions, in 2007 and 2012.

  • Glencore Xstrata raises stake in Africa's

    19-12-2013· Mutanda, a high-grade copper and cobalt producer, has become a significant producer of the red metal thanks to Glencore. The firm has invested $670m to double the mine’s capacity from about 100,000 tonnes of copper cathodes in 2012 to 200,000 tonnes next year.

  • Glencore increases stake in Mutanda mining

    15-1-2014· Glencore bought the remaining 14.5 per cent interest in Mutanda Mining held by High Grade Minerals, taking its stake to 69 per cent. Mutanda is a high-grade copper and cobalt producer, with its operations located in the province of Katanga, in Congo. The remaining equity in Mutanda 31 per cent is held by a subsidiary of Fleurette

  • DR Congo: Glencore to increase stake in Mutanda

    3-11-2019· 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

  • Major Mines & Projects Mutanda Mine

    11-10-2019· 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.

  • Democratic Republic of the Congo Glencore

    ASK GLENCORE. Democratic Republic of the In the DRC, we have a substantial stake in Katanga Mining and wholly own Mutanda Mining, both located in the DR Congo’s Katanga We are supporting a public-private partnership through our interests in Katanga Mining and Mutanda Mining and the government with a $400 million commitment towards the

  • Glencore increases stake in Mutanda mining

    15-1-2014· Glencore bought the remaining 14.5 per cent interest in Mutanda Mining held by High Grade Minerals, taking its stake to 69 per cent. Mutanda is a high-grade copper and cobalt producer, with its operations located in the province of Katanga, in Congo. The remaining equity in Mutanda 31 per cent is held by a subsidiary of Fleurette

  • mutanda mining company voetzorgvrijenburg

    Glencore increases stake in Mutanda mining African Review. Anglo-Swiss commodity trading and mining company Glencore Xstrata has increased its indirect interest in the Democratic Republic of the Congo (DRC) copper miner Mutanda Mining for US$430mn Glencore bought the remaining 145 per cent interest in Mutanda Mining held ,

  • Glencore buys stakes in Mutanda Mining and

    14-2-2017· Glencore has purchased the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining. The consideration for the Mutanda shares and the Katanga shares has been determined based on an analysis by BMO Capital Markets. The company was engaged by

  • Glencore faces third Congo legal challenge

    8-6-2018· Brown, one of the founders of Mutanda Mining — the world’s No.1 cobalt producer —, claims he’s owed $1 billion in compensation for a 19% stake he previously held in that company, and which was allegedly sold to Glencore in two fraudulent transactions, in 2007 and 2012.

  • DR Congo: Glencore to increase stake in

    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 Increases Stake in Mutanda Mine INN

    22-5-2019· The Australian reported that Glencore (LSE:GLEN) has invested for an increased stake in the Mutanda copper-cobalt mine in the Congo. The Australian reported that Glencore (LSE:GLEN) has invested for an increased stake in the Mutanda copper-cobalt mine in the Congo. As quoted in the market news: The

  • Glencore Xstrata increases stake in African copper

    19-12-2013· Glencore Xstrata has spent $430m to raise its stake in an African copper mine in a sign of the commodity group’s increasing focus on the continent. Glencore exercised an option to buy a 14.5 per cent stake in Mutanda, a mine in the Democratic Republic of Congo, raising its indirect interest to 69

  • Mutanda Mining Atlas

    Gold miner Evolution Mining has completed the acquisition of a stake in the Ernest Henry copper-gold mine, in Queensland. Evolution previously agreed to pay diversified miner Glencore A$880-million for a 30% stake in the operation, entitling the company to 100% of the gold production at the mine, subject to an agreed life-of-mine and block model.

  • Glencore plc Baar, Switzerland Mutanda Mining Sarl (“Mutanda”)

    Mutanda Mining Sarl (“Mutanda”) 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 with Mutanda and a further announcement

  • Glencore pays $534m cash for Mutanda, higher

    13-2-2017· GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the country’s Katanga Mining for a net cash investment of $534m. The Swiss-headquartered mining and commodities marketing company said in an announcement that it would own 100% of Mutanda and 86.33% of []

  • Glencore Increases Stake in Mutanda Mine INN

    22-5-2019· The Australian reported that Glencore (LSE:GLEN) has invested for an increased stake in the Mutanda copper-cobalt mine in the Congo. The Australian reported that Glencore (LSE:GLEN) has invested for an increased stake in the Mutanda copper-cobalt mine in the Congo. As quoted in the market news: The

  • Glencore Xstrata increases stake in African copper

    19-12-2013· Glencore Xstrata has spent $430m to raise its stake in an African copper mine in a sign of the commodity group’s increasing focus on the continent. Glencore exercised an option to buy a 14.5 per cent stake in Mutanda, a mine in the Democratic Republic of Congo, raising its indirect interest to 69

  • Glencore purchases stakes in Mutanda and Katanga

    15-2-2017· Glencore annonced purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).

  • Mutanda Mine Wikipedia

    Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi). In August 2011 Glencore's CEO said the company planned to combine the two properties and to increase its share to over 50%.

  • Glencore studying "strategic options" over

    5-1-2017· GLENCORE was “considering its strategic options” in respect of its $1.8bn Mutanda Mining Company, a producer of copper and cobalt that mines in the Katanga province of the Democratic Republic of Congo (DRC). This was after the Swiss-based mining and commodities trading group had received “certain incoming press inquiries in

  • Glencore purchases stakes in Mutanda and

    13-2-2017· Before it's here, it's on the Bloomberg Terminal

  • Glencore Acquires Remaining Stake in Mutanda

    The Mutanda stake is valued at $922 million, and the holding in Toronto-listed Katanga is valued at $38 million, according to the statement from Glencore. The deal increases Glencore’s holding to 86.3 percent in Katanga. Glencore also take over $130 million in loans Mutanda owed to Fleurette.

  • Glencore's Congo mining conundrum Reuters

    3-5-2018· Glencore owns 100 percent of Mutanda Mining and about 86 percent of Katanga Mining, which in turn has a 75 percent stake in KCC. HOW WILL GLENCORE SHARES REACT? Analysts and credit agencies say Congo risk is already factored into their view of Glencore, a diversified mining firm that has many operations around the world feeding into profits.

  • Glencore to buy out Israeli billionaire Dan Gertler’s

    13-2-2017· Glencore has struck a deal to buy out billionaire Israeli-mining entrepreneur Dan Gertler’s stakes in two copper and cobalt mines in the Democratic Republic of Congo, in an agreement that values the assets at $960m. The Swiss-based mining and trading house, which is back on the deal making trail