Search results
Results from the WOW.Com Content Network
The Kamoto Mine (French: La mine de Kamoto) is an underground copper and cobalt mine to the west of Musonoi in the former Katanga Province, Democratic Republic of the Congo. [2] As of 2022, the site is the largest active cobalt mine in the world. [3] The mine includes the Luilu metallurgical plant, which accepts ore from KOV mine and Mashamba ...
On April 20, 2018, Gécamines sued the Anglo-Swiss commodity brokerage firm Glencore, with which the Congolese company has a joint venture, the Kamoto Copper Company (KCC). [26] Gecamines denounces the non-reconstitution of KCC's own funds and the company's debt to Glencore at rates higher than those it borrows. On June 12 and 13, both parties ...
The company was first listed on the Toronto Stock Exchange in August 1997. [4] In January 2008 Katanga Mining acquired Nikanor plc for $452m. [1] [3] Katanga Mining was purchased by Glencore in 2020 and it was de-listed from the Toronto Stock Exchange. [5] [6]
The death last month of 43 artisan miners at the Kamoto Copper Company KOV concession in the Democratic Republic of Congo has refocused attention on the human cost of producing what is a key input ...
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 ...
The mine is run by Kamoto Copper Company, a joint venture between Glencore (75%) and Gécamines (25%). [ 5 ] The deposits began to be exploited in 1960 by Gécamines up until 2000, when operations stopped due to flooding.
Based on World Bank estimates, three Canadian companies First Quantum Minerals, Lundin Mining in partnership with the US firm Freeport McMoRan Copper & Gold and Katanga Mining were predicted in 2010 to create more than two-thirds of total Congolese copper output from 2008 to 2013, and for more than two-thirds of total Congolese cobalt output ...
CEO pay includes salary, bonuses, stock sales, and other payments. Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.