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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 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 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 ...
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 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.
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]
Glencore’s decision to mothball its Mutanda mine in August 2019 in the Congo citing cobalt and copper operation is uneconomic due to falling commodities prices and an increase in a government royalty tax during the years of Kabila influence. Mutanda — the world's largest cobalt mine — was pegged to transition to care and maintenance ...
The Lumwana mine is a large copper mine located in north-west Zambia in North-Western Province.Lumwana is owned by Barrick Gold and represents one of the largest copper reserves in Zambia and in the world having estimated 5.014 billion pounds of proven and probable copper reserves of ore grading 0.68% copper.