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During February 2017, Northam announced a proposal to purchase the Eland platinum mine for R135 million from its owner Glencore. [2] The mine, said to have 21.3 million ounces of product, had been closed since 2015, due to price falls and difficulties in its operations. [ 2 ]
The Swiss company Glencore owns a number of large copper mines, particularly after acquiring Katanga Mining as a wholly owned subsidiary. Currently, Glencore owns majority stakes in Kamoto Copper Company SARL (KCC) and DRC Copper and Cobalt Project SARL (DCC), which run several copper/cobalt mines, as well as a Mutanda Mining SARL , which runs ...
Glencore has been designated operator of the Mutanda Mine. [87] Glencore has responded a number of times to Global Witness regarding these allegations. [91] In March 2018, it was reported that Glencore would sell one third (13,800 tonnes) of its cobalt output to China's battery recycler GEM. 18,000 tonnes are to be sold in 2019, and 21,000 in 2020.
By 2011, Glencore operated the mine and had a 40% stake through a 50% holding in Samref Congo Sprl, which in turn held 80% of Mutanda, with the state-owned Gécamines holding the other 20%. In 2011, Gécamines sold its shares to Rowny Assets Limited, a company associated with Israeli billionaire Dan Gertler . [ 9 ]
Kidd Mine or Kidd Creek Mine is an underground base metal (copper-zinc-silver) mine 24 km (15 mi) north of Timmins, Ontario, Canada. It is owned and operated by Swiss multinational Glencore Inc. The ore deposit was discovered in 1959 by Texas Gulf Sulfur Company. Exploration drilling at the Kidd site began in November 1963.
Tilwezembe is an open-pit copper and cobalt mine in Lualaba Province of the Democratic Republic of the Congo owned by Katanga Mining, a subsidiary of Glencore. Officially, Glencore has shuttered the mine, but the site is still being used by artisinal miners .
Glencore already owns 82% of PolyMet Mining and has long been the project's main financial backer. It offered Monday to pay around $71 million to raise that stake to 100%, which would take St ...
The Murrin Murrin Mine is a major nickel-cobalt mining operation being conducted in the North Eastern Goldfields, approximately 45 km east of Leonora, Western Australia.