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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 ...
Kamoto Copper Company (KCC) owns a large mining complex near Kolwezi that includes Kamoto mine, Mashamba East, KTE underground mine, Etang South underground mine, KOV mine, and the T17 mine. Ore from these mines is processed at the Kamoto concentrator and the Luilu metallurgical plant .
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 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 ...
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 ...
A New Jersey family is suing DraftKings after a father of two gambled away more than $1 million of his family’s money across four years. The man, known by his username Mdallo1990, allegedly lost ...
A leaked video of UnitedHealth CEO Andrew Witty defending claim denials after Brian Thompson’s murder has sparked backlash. Critics argue the policy contributes to medical bankruptcies and lives ...
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.