Glencore owns 75% of Katanga. La Generale des Carrieres et des Mines and La Société Immobilière du Congo, which are state-owned mining companies in the DRC, own the remaining 25%. ... Mining related modifying factors applied to the Mashamba East OP plan include a cut-off grade of 0.65% TCu, mining dilution of 7.9% and 5% overall losses. ...
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Photo by Simon Dawson/Bloomberg. JOHANNESBURG — Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on …
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Glencore PLC's Congo-focused unit, Katanga Mining Ltd., said June 3 that it completed a transaction to go private. Glencore International AG took Katanga private …
JOHANNESBURG — Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the decision. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic …
Katanga Mining Limited. Asia. Koniambo. Australia. Glencore Australia. Viterra Australia. Bulga Coal. Liddell Coal. Mangoola. McArthur River Mine. Mt Owen Complex. Ravensworth operations. ... KCC - is a copper and cobalt producer in the Democratic Republic of Congo, jointly owned by Glencore (75%) and Gécamines (25%).
Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares.
Welcome to Katanga Mining Limited. On June 4, 2020, Katanga Mining Limited (TSX:KAT) became a Glencore group owned company and ceased to be listed …
Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. Glencore buys stakes in Mutanda and Katanga mines valued at ...
Glencore owns approximately 86.3% of Katanga. It has agreed to swap $5.8bn in debt for equity, which will raise further stake in the firm. As part of the $5.8bn in debt owed to Glencore, Katanga Mining will repay with approximately $1.5bn residual debt to Glencore. The residual debt of $1.5bn will remain outstanding until 2023.
CPE Media News (4/22/2020) – Katanga Mining Limited (TSX: KAT) has entered into a definitive agreement with Glencore International AG pursuant to which Glencore will acquire the common shares of Katanga Mining, other than those held by Glencore, for CDN $0.16 per share.. Glencore currently holds 60,870,439,243 common shares, …
Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in ...
Glencore operates two copper-cobalt operations in the DRC. World map Our websites Contact us EN ... Aquarius Energy; Glencore in South Africa; Glencore in the DRC; Mutanda Mining; Kamoto Copper Company; Astron Energy; Katanga Mining Limited; Koniambo; Glencore Australia; Viterra Australia; Bulga Coal; Liddell Coal; Mangoola; …
Glencore International AG entered into a definitive agreement to acquire the remaining 0.5% stake in Katanga Mining Limited for CAD 52.7 million. 20-04-21. CI. China Molybdenum : Congo mine closures would cause economic and …
Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine.
Credit: Katanga Mining Limited. Copper and cobalt producer Katanga Mining has announced its plans to raise around C$7.6bn (approximately $5.8bn) under a discounted …
This corporation is a subsidiary of Glencore, and is owned by the latter for a stake of 75%. Katanga Mining also holds a 75% stake in two joint ventures with Gécamines, a state-owned mining company in the DRC: Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).
Glencore refers to the announcement by Katanga Mining Limited ("Katanga") in which it announced that Katanga's Democratic Republic of the Congo ("DRC") state-owned joint venture partner, La Générale des Carrières et des Mines ("Gécamines"), in Katanga's 75% DRC operating subsidiary Kamoto Copper Company …
Glencore plc Baar, Switzerland 20 November, 2017 Announcement in connection with Katanga Mining Limited Glencore notes the announcement today by Katanga Mining Limited ("Katanga") of the completion of an internal review of certain of Katanga's historic accounting practices (the "Review") and the restatement of
Glencore PLC's Congo-focused unit, Katanga Mining Ltd., said June 3 that it completed a transaction to go private. Glencore International AG took Katanga private through an amalgamation with Katanga subsidiary 836074 Yukon Inc. Under the terms, Katanga shareholders other than Glencore International will be entitled to receive 16 …
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The company will also purchase Gertler's minority stake in Katanga Mining Ltd. (TSX:KAT), for $38 million, increasing its ownership in the company which owns the …
m: +41 79 944 5434. john.burton@glencore. Nicola Leigh. t: +41 41 709 2755. m: +41 79 735 3916. nicola.leigh@glencore. Notes for Editors. Glencore has received certain incoming press enquiries in relation to the potential acquisition of a further stake in Mutanda. Glencore is currently considering its strategic options in connection ...
18 December, 2018. Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement ("Settlement Agreement") with the Ontario Securities Commission ("OSC"). Katanga will make a payment of C$30 million (US$22.5 million) as part of the settlement.
KCC is a joint venture between Katanga Mining Ltd (75% (wholly owned by Glencore, one of the world's largest globally diversified natural resource companies)) and the state-owned Général des Carrières et des Mines SA (Gécamines - 25%). KCC extracts ore containing copper and cobalt from its own open pit and underground mines.
Geotechnical failure at Katanga Mining Limited. 8 March 2016. Glencore notes the announcement made today by Katanga Mining Limited regarding a geotechnical failure on the north wall of the KOV open pit mine at Katanga's operation in the Democratic Republic of Congo.
This is a representative proceeding on behalf of former minority shareholders of Katanga Mining Limited (TSX: KAT, OTCPK: KATFF). The action has been brought against Katanga, its successor by merger …
In addition, Glencore has acquired a further 15,325,000 shares in Katanga Mining Limited ("Katanga"), corresponding to an approximate 0.8% stake, which were held as the security for a loan provided to ... subsequently merged with Katanga and the shares were exchanged for shares in Katanga. Glencore now owns of the shares in …
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Geotechnical failure at Katanga Mining Limited – Update 2. 9 March 2016. Glencore notes the update made by Katanga Mining Limited. The search for the remaining five individuals continues led by 20 search and rescue professionals. All available resources have been allocated to the team. Katanga continues to work closely with the …
Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement ("Settlement Agreement") with the Ontario Securities Commission ("OSC"). Katanga will make a payment of C$30 million (US$22.5 million) as part of the settlement. The settlement agreement resolves a ...
Glencore notes the announcement today by Katanga Mining Limited ("Katanga") of the completion of an internal review of certain of Katanga's historic …
Glencore plc Baar, Switzerland, 20 November, 2017. Glencore notes the announcement today by Katanga Mining Limited ("Katanga") of the completion of an internal review of certain of Katanga's historic accounting practices (the "Review") and the restatement of Katanga's financial statements. The Review was undertaken at the …
Shares in Glencore-owned Katanga Mining Ltd, surged for the second straight day on Tuesday on news it has restarted a copper and cobalt mining operation that will become one of the world's biggest ...
The Katanga KOV copper-cobalt project is an open-pit project located in Lualaba province of the Democratic Republic of Congo (DRC). Katanga Mining owns and is operating the project through two joint ventures namely Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP). Glencore owns 86.3% of Katanga Mining …