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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. Dewatering started in 2006, with mine operations restarting in March 2007. [6]
Kamoto Copper Company planned to build an ion exchange system to separate uranium out from the cobalt. [ 8 ] As of 2020, Glencore announced the mine was ramping up to a planned full production volume of 270,000 tonnes of copper cathode, and 25,000 tones of cobalt hydroxide for 2020.
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 ...
[53] [54] [55] At the time of the Berlin conference that precipitated the Scramble for Africa, the copper mining region of the DRC was controlled by Indigenous peoples, mainly the Yeke Kingdom headed by Msiri. The kingdom had an already well-established trade network in resources, with copper from the Katanga region making up an important part ...
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 .
This brought their effective stake in Mutanda to about 60%, and left a remaining 25.5% portion of Samref Overseas still held by High Grade Minerals, which Glencore had set up a deal to acquire in December 2013 for $430 million. [24] In 2017, Glencore paid $534 million to buy a 31% stake in Mutanda from Dan Gertler's Fleurette group.
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