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Glencore Increases Stake In Mutanda Mining

Glencore Increases Stake In Mutanda Mining

Jan 15, 2014 Anglo-Swiss commodity trading and mining company Glencore Xstrata has increased its indirect interest in the Democratic Republic of the Congo DRC copper miner Mutanda Mining for US430mn Glencore Xstrata has increased its indirect interest in Mutanda Mining by 14.5 per cent. Image source Wikimedia Commons

Glencore Buys Stakes In Mutanda Mining And Katanga Mining

Feb 14, 2017 Glencore has purchased the Fleurette groups remaining 31 stake in Mutanda Mining Sarl and an approximate 10.25 stake in Katanga Mining. The consideration for the Mutanda shares and the Katanga shares has been determined based on an analysis by BMO Capital Markets.

Cobalt Glencore Considers Bigger Stake In Mutanda

Jan 11, 2017 Glencore holds a 69 stake in Mutanda Mining, having increased its stake from 50 in 2007 via a series of acquisitions. Fleurette owns the remaining 31. The Mutanda mine is the biggest single cobalt producing mine in the world. It lies about 40km to the southeast of Kolwezi. Following the completion of expansions in Q1 2012, Mutanda Mining has ...

Mining Giant Glencore To Acquire Anglos Stake In Cerrej243n

Jun 29, 2021 Anglo, which previously told the market that it planned to exit thermal coal production by 2024, said yesterday that Glencore had agreed to acquire its 33.3 percent stake in Cerrej n for 294 ...

Dr Congo Glencore To Increase Stake In Mutanda Mine

Jan 09, 2017 Mining giant Glencore, 6th largest mining company in the world according to PwC, announced last Friday it would increase its stake in the Mutanda copper and cobalt mine in DR Congo. The company, which already holds 69 of the project, is

Glencore Xstrata Increases Stake In African Copper Mine

Glencore exercised an option to buy a 14.5 per cent stake in Mutanda, a mine in the Democratic Republic of Congo, raising its indirect interest to 69 per cent. The stake was held by High Grade ...

Glencore Pays 534m Cash For Mutanda Higher Stake In

Feb 13, 2017 GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the countrys Katanga Mining for a net cash investment of 534m. The Swiss-headquartered mining and commodities marketing company said in an announcement that it would own 100 of Mutanda and 86.33 of

Glencore Purchases Stakes In Mutanda And Katanga

Baar, Switzerland 13 February 2017. Glencore has today purchased from subsidiaries of Fleurette Properties Limited Fleurette the Fleurette groups remaining 31 stake in Mutanda Mining Sarl the Mutanda Shares and an approximate 10.25 stake in Katanga Mining Limited the Katanga Shares. The consideration for the Mutanda Shares and the Katanga Shares has been determined based on an analysis by BMO Capital Markets Limited who was engaged by Glencore

Mutanda Mining Sarl Glencore

Pam.bellglencore.co.uk. 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 with Mutanda and a further announcement will be made in due course, if appropriate. Glencore is one of the worlds largest global diversified natural resource companies and a major

Dr Congo Glencore To Increase Stake In Mutanda Mine

May 20, 2020 Ecofin Agency - Mining giant Glencore, 6th largest mining company in the world according to PwC, announced last Friday it would increase its stake in the Mutanda copper and cobalt mine in DR Congo. The company, which already holds 69 of the project, is currently looking at its options, and may well buy all or part of the 31 stake held by its partner Fleurette Group.

Cobalt Glencore To Keep Mutanda On Care And Maintenance

Aug 20, 2020 In a further update on the mine during its recent Q2 2020 results announcement, Glencore emphasised that the mine would remain shut and would only re-open once the cobalt market improved. Roskill View. Mutanda is a key copper-cobalt operation. In 2019, it produced 26.4kt of cobalt approximately 60 of Glencores total supply.

Glencore Makes The Most Of Coal Minings Final Days As

Jun 30, 2021 Glencore Plc could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine. Congos new mines minister, Antoinette NSamba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of the mine, which closed in November 2019 ...

Glencore Buys Out Billionaire With 1bn Congo Mining Deal

Feb 14, 2017 The Mutanda stake is valued at 922mn, and the holding in Toronto-listed Katanga is valued at 38mn, according to the statement from Glencore. The deal increases Glencores holding to

Mutanda Mining Congo

Glencore increases stake in Mutanda mining African . Anglo-Swiss commodity trading and mining company Glencore Xstrata PLC has increased its indirect interest in the Democratic Republic of the Congo . Inquire Now Glencore purchases stakes in Mutanda and Katanga.

Mutanda Mining Fleurette

In 2011, Fleurette Group acquired its stake in the adjacent Mutanda copper-cobalt concession. In July 2013, Mutanda and Kansuki merged creating Mutanda Mining MUMI, a world-class, high-grade DRC copper and cobalt project with a mine life of over 20 years.

Glencore Snaps Up Bhp Anglo Stakes In Colombian Coal Mine

Jun 28, 2021 LONDON Diversified miner Glencore will become the sole owner of the Cerrejon thermal coal mine in Colombia by buying out partners BHP and Anglo American, boosting its coal assets at a time when others are looking to exit the sector. Glencore said on Monday it expects to pay 230 million for the combined 66 stake owned by BHP Group and Anglo when the deal completes in the first half

Glencore Grabs Anglo American Bhp Stakes In Cerrejon Coal

Jun 28, 2021 Miner and commodities trader Glencore LON GLEN is buying out partners Anglo American LONAAL and BHPs ASX, LON, NYSE BHP stakes in the Cerrej n thermal coal mine in Colombia, defying previous reports that said it was looking to walk away from the asset. The Swiss company expects to pay 588...

Glencore Outlines Plans For Mutanda Coppercobalt Restart

May 22, 2021 Glencore, one of the worlds leading producers of cobalt, produces cobalt mainly as a by-product of copper mining in the Democratic Republic of Congo DRC, but also as a by-product of nickel mining in Australia and Canada. Mutanda is a large-scale copper and cobalt operation in Katanga province DRC, producing cobalt hydroxide and copper ...

Glencore To Pay 534 Million For Gertlers Stakes In Two

Feb 13, 2017 Glencore said it would purchase the 31 holding held in Mutanda Mining by Mr. Gertlers Fleurette Group, valuing the stake at 922 million. The

Glencore Makes The Most Of Coal Minings Final Days As

Jun 30, 2021 Glencore has fully acquired the Cerrej n thermal coal mine for about 588m amidst a rise in coal demand and record-high coal prices. Glencore seized the opportunity to gain full control of the Cerrej n thermal coal mine for about 588m. Credit rafapress Shutterstock. As

Glencores Mutanda Closure May Be Bargaining Tactic With

Aug 15, 2019 Glencore paid the government 626m in taxes from Mutanda in 2018 more than 10 of the governments target budget. The DRC is the worlds largest producer of cobalt, a metal used to make cell phone batteries and other consumer electronics. Cobalt prices have halved over the last year. But lower cobalt prices are giving Glencore the ...

Glencores Mutanda Mine In Congo Shuts Down A Month Early

Nov 26, 2019 Glencores Mutanda mine in Democratic Republic of Congo has suspended operations prematurely due to difficulties procuring sulphuric acid, a key input for copper and cobalt extraction, its Mutanda ...

Fleurette Group Sale Of Stake In Mutanda And Katanga To

Feb 13, 2017 Fleurette Group is delighted to announce it has completed the sale of its 31 stake in Mutanda Mining Sarl to Glencore. Fleurette has also exited its remaining 11.05 shareholding in

Mutanda Mining Sulphuric Acid

Glencore made an investment of 650 million to develop this capacity. Glencore International operates the mine and has a 40 stake in the mine through a 50 holding in Samref Congo, which in turn holds 80 of Mutanda. Until recently, the state-owned G camines held the remaining 20.

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