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In 1974 the global price of copper fell dramatically. [10] As a result, Gécamines' operations were devastated until the early 1980s. [11] Once producing 500,000 tonnes of copper a year in its 1980s heyday, the company's fortunes declined due to mismanagement and government interference. Nonetheless, the company remained crucial to Congolese ...
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 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 ...
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.
London-based metals trader Stratton Metal Resources Ltd will sell cobalt sulphate produced by First Cobalt Corp's Canadian refinery under a five-year deal, a source with direct knowledge of the ...
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]
Bread for all and Catholic Lenten Fund, an NGO that has written several reports documenting environmental justice impacts of mining in the province, concluded that frequent chemical spills near Mutanda mine and the Kamoto Copper Company facilities have negatively impacted community members' right to food. [16]
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 ...