glencore copper mine drc

Glencore resumes payments to dodgy Dan Gertler as it

Glencore called the payments to Gertler the only viable option to avoid the material risk of seizure of its Mutanda Mining Sarl and Kamoto Copper Co. assets in Congo. The mines are among the richest in copper and cobalt, and a key part of Glencores strategy of profiting from the rise of battery materials to supply electric cars.

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Revealed Glencore's secret loan to secure DRC mining

The Israeli billionaire Dan Gertler takes a tour of the Katanga mine complex in DRC. Photograph Bloomberg/Getty Images/Guardian Design Team The worlds largest mining company, Glencore

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Project overview Katanga Mining Limited

Katanga Mining Limited operates a large scale copper cobalt mine complex in the Democratic Republic of Congo (DRC) through two joint ventures, Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).

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Glencores DRC settlements should allay fears about asset

Ventora in April served freezing orders in the DRC against Glencores Mutanda Mining and Kamoto Copper Company (KCC) for $695 million and $2.28 billion respectively, which Ventora said was the

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Glencore deals mining blow to African copper producers

Glencores move to suspend operations at mines in the Democratic Republic of Congo and Zambia has dealt a significant blow to Africas top two copper producers.

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Glencore accused of environmental pollution in DRC SWI

The two NGOs studied environmental and human rights issues linked to copper and cobalt mines exploited by the Glencore owned firms Kamoto Copper Company (KCC) and Mutanda Mining (MUMI).

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kamoto copper mine kolwezi congo drc perkinspreschool

Feb 17, 20180183;32;Drama in DRC as Glencore fights bid to dissolve world's 'largest . Apr 23, 2018 A sign for the Kamoto Copper Co. stands outside Katanga Mining 's mine in Kolwezi, Katanga province, Democratic Republic of Congo.

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Glencores murky deals in the DRC Public Eye

In 2009, Glencore secured mining permits awarded by the Congolese government to extract copper and cobalt on very favourable terms. For this, the Zug based company did not hesitate to partner with Dan Gertler, a businessman with a dodgy reputation.

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Glencore in Katanga, DRC Raid

Glencore claims that it has no control over the DRC mine police, yet they are in the company's pay, and their operations appear to be directed by KCC's Security Department. KCC has closed the only road connecting the townships of Kapata and Luilu, causing grave hardship to the local population.

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Glencore consolidates DRC copper asset ownership

Global diversified miner Glencore has increased its holding in copper assets in the Democratic Republic of Congo (DRC) after buying a 31% interest in Mutanda Mining from billionaire mining tycoon

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Glencores rumbles in the jungle More body blows for

But Gertler then moved to freeze assets of two Glencore mining companies, Kamoto Copper Company and Mutanda Mining, and wants $3bn in damages for future unpaid royalties, says The Economist. Glencore is also fighting other battles, including with the government over a mining code.

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Glencore Spends $960 Million on DRC Copper and Cobalt

The company bought the remaining stake in the Mutanda mine and increased its interest in Katanga mine. Glencore (LSEGLEN) upped its involvement in the copper and cobalt markets this week after

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Glencore consolidates DRC copper asset ownership

Global diversified miner Glencore has increased its holding in copper assets in the Democratic Republic of Congo (DRC) after buying a 31% interest in Mutanda Mining from billionaire mining tycoon

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DRC IndustriALL mission finds Glencore gravely

An IndustriALL Global Union fact finding mission to Glencores copper and cobalt mines in the Democratic Republic of Congo (DRC) has uncovered alarming mistreatment of workers directly contradicting Glencores claims. Systemic human and workers rights

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Revealed Glencore's secret loan to secure DRC mining

The Israeli billionaire Dan Gertler takes a tour of the Katanga mine complex in DRC. Photograph Bloomberg/Getty Images/Guardian Design Team The worlds largest mining company, Glencore

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Key Glencore DRC Copper Project at Risk Investing News

Key Glencore DRC Copper Project at Risk to ensure the company can continue to operate under Democratic Republic of Congo a DRC state owned copper mining company that controls the

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Project overview Katanga Mining Limited

Katanga Mining Limited operates a large scale copper cobalt mine complex in the Democratic Republic of Congo (DRC) through two joint ventures, Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).

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Glencore Buys Out Billionaire With $1 Billion Congo Mining

Feb 13, 20170183;32;Glencore Plc agreed to a $960 million deal that will boost ownership of two giant Congolese cobalt and copper mines, and sever its ties with controversial Israeli billionaire Dan Gertler.

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Glencore agrees $960 million copper and cobalt deal with

Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its

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Glencore

Glencore paid the royalties in a currency other than dollars to skirt sanctions and discussed the deal with Swiss and U.S. authorities. Glencore also settled a dispute involving the Kamoto copper and cobalt mine, although differences with regard to tax and royalty payment remain.

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Glencore Digs Out of the Abyss Fortune

Workers at Glencores Mopani Copper Mine in Zambia wait to descend underground for an eight hour shift. The company has invested $1.1 billion to sink three new, much deeper shafts.

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Glencores rumbles in the jungle More body blows for

But Gertler then moved to freeze assets of two Glencore mining companies, Kamoto Copper Company and Mutanda Mining, and wants $3bn in damages for future unpaid royalties, says The Economist. Glencore is also fighting other battles, including with the government over a mining code.

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Copper Glencore

Mutanda Mining. DRC. Mutanda is a large scale copper and cobalt producer, also in Katanga province, producing copper cathodes and cobalt hydroxide. Mopani . Glencore Port Operations. Our Port Operations business is an export gateway for the mineral resources of north west Queensland.

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The inside story of Glencore's hidden dealings in DRC

The inside story of Glencore's hidden dealings in DRC The inside story of Glencore's hidden dealings in DRC. Alongside the Och Ziff agreement, the Paradise Papers shed new light on a controversial deal to mine copper in the south east of DRC, through a company called Katanga Mining.

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Glencore Zambian Move to Halt 26% of Country's Copper

Sep 07, 20150183;32;Glencores announcement that it will suspend copper and cobalt production at Katanga Mining is a major blow to the Congolese government of Joseph Kabila, Ahmed Salim,

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Glencore faces third Congo legal challenge this year

The Swiss companys mounting troubles in the DRC could make it sell a stake in one or both of its local copper and cobalt mines, with the most likely candidates seen as Russian or Chinese

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Democratic Republic of the Congo Glencore

The DRC is home to one of the worlds main copper mining regions the African Copperbelt. In the DRC, we have a substantial stake in Katanga Mining and wholly own Mutanda Mining, both located in the DR Congos Katanga province.

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Glencore Digs Out of the Abyss Fortune

Workers at Glencores Mopani Copper Mine in Zambia wait to descend underground for an eight hour shift. The company has invested $1.1 billion to sink three new, much deeper shafts.

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Katanga Suspends Cobalt Exports from Kamoto Mine in DRC

Shares of Glencores Katanga Mining, which produces cobalt and copper, declined more than 30 percent after the news. Shares of the cobalt and copper producer declined more than 30 percent after

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Glencore Is Getting Its DRC Affairs in Order Steel

The Financial Times postulates Glencore needed to reach a settlement on its various DRC issues, as Chinese mining firms have been very active buying into DRC assets and are said to be interested

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