glencore increases stake in mutanda mining
DR Congo: Glencore to increase stake in Mutanda mine ...
2017-1-9 · 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...
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Glencore purchases stakes in Mutanda and Katanga
2022-2-7 · Glencore has today purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).
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Glencore buys stakes in Mutanda Mining and Katanga
2017-2-14 · Glencore has acquired a further 15 325 000 shares in Katanga Mining, corresponding to an approximate 0.8% stake in the company, which were held as the security for a loan provided to Ruwenzori, a member of the Fleurette group, in connection with Ruwenzori’s acquisition of 25 000 000 shares in Nikanor.
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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
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Glencore buys stakes in Mutanda and ... - Mining Technology
Glencore has purchased the remaining 31% stake of Fleurette Group's Mutanda Mining Sarl and also gained a 10.25% interest in Katanga Mining for a total consideration of $960m. Both mines are located in the Democratic Republic of Congo. Glencore hired BMO Capital Markets to determine the appropriate consideration for the Mutanda Shares and the ...
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Glencore buys stakes in Mutanda and Katanga ... -
2017-2-13 · Glencore buys stakes in Mutanda and Katanga mines valued at $960m. Glencore (LON:GLEN) is upping its presence in the African mining
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Mutanda Mining Sarl - Glencore
2022-2-6 · Mutanda Mining Sarl. Glencore plc Baar, Switzerland 5 January, 2017. 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.
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Glencore purchases stakes in Mutanda and Katanga
2017-2-13 · Glencore purchases stakes in Mutanda and Katanga Glencore has today purchased from subsidiaries of Fleurette Properties Limited (“Fleurette”) the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl (the “Mutanda Shares”) and an approximate 10.25% stake in Katanga Mining Limited (the “Katanga Shares”).
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Glencore confirms the commissioning of operations at the ...
2021-6-22 · Glencore is pleased to confirm the commissioning of operations at the Mutanda Mining (MUMI) mine by the end of 2021, in order to allow the return to production for the year 2022. MUMI as well as KCC play a role important in global energy and mobility transitions, thanks to the high-quality copper and cobalt produced by both operations.
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Mutanda Mining - Sulphuric Acid
2019-11-28 · 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
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Glencore buys stakes in Mutanda and ... - Mining Technology
Glencore has purchased the remaining 31% stake of Fleurette Group's Mutanda Mining Sarl and also gained a 10.25% interest in Katanga Mining for a total consideration of $960m. Both mines are located in the Democratic Republic of Congo. Glencore hired BMO Capital Markets to determine the appropriate consideration for the Mutanda Shares and the ...
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Glencore pays $534m cash for Mutanda, higher stake in ...
2017-2-13 · GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the country’s Katanga Mining for a net cash investment of $534m. The Swiss-headquartered
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Glencore Purchases Stakes in Mutanda and Katanga | E & MJ
2020-4-8 · Glencore has purchased the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl for $922 million and a 10.25% stake in Katanga Mining Ltd. for $38 million. Fleurette and its affiliates owe outstanding loans to the Glencore group over the Mutanda shares, amounting to $556 million, of which $120 million comprises accrued interest.
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Glencore purchases stakes in Mutanda and Katanga ...
2017-2-14 · Every issue of Coal International and Mining & Quarry World contains feature articles, case studies, new mining plant, latest mining innovations in both underground, surface and quarrying opertaions, globalnews roundup, finance,health andd safety, site reports and one to one discussions with senior leaders and engineers within the mining industry.Coal, underground
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Mutanda Mining - Sulphuric Acid
2019-11-28 · 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
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Miner-trader Glencore cobalt production up 14% year on ...
2022-2-3 · Cobalt production from miner-trader Glencore totaled 31,300 tonnes in 2021, up by 14% year on year due to a limited restart of production at its copper-cobalt Mutanda mine in the Democratic Republic of Congo (DRC), the company said in its annual report.
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[SMM analysis] Mutanda copper mine seeks a new mining ...
2019-2-21 · Glencore has three mines in Africa, Katanga Mining in the DRC, Mutanda Mining in the DRC and Mopani in Zambia. Glencore released its 2018 full-year production report on February 1. Copper production rose 11 per cent to
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Mutanda mining | FLEURETTE
2017-4-4 · MUTANDA MINING A HIGH-GRADE COPPER AND COBALT PRODUCER IN KATANGA Mutanda Mining (known as “MUMI”) comprises the Mutanda and Kansuki concessions in the Katanga province of the Democratic Republic of Congo which were merged in July 2013. MUMI is jointly owned by Glencore (69% ownership) and Fleurette (31% ownership).
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Glencore - miningweekly
2021-12-2 · Diversified mining and marketing company Glencore on Thursday unequivocally stuck to its climate-change strategy of running down its coal 15% by 2026 and 30% by 2035, ahead of being net zero by 2050.
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Glencore tightens grip on Congo mine | Financial Times
Samref Congo owns 80 per cent of the Mutanda mine. The deal means Glencore owns almost 75 per cent of Samref Overseas, or a 60 per cent indirect stake in
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Glencore buys stakes in Mutanda and ... - Mining Technology
Glencore has purchased the remaining 31% stake of Fleurette Group's Mutanda Mining Sarl and also gained a 10.25% interest in Katanga Mining for a total consideration of $960m. Both mines are located in the Democratic Republic of Congo. Glencore hired BMO Capital Markets to determine the appropriate consideration for the Mutanda Shares and the ...
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Glencore Purchases Stakes in Mutanda and Katanga | E & MJ
2020-4-8 · Glencore has purchased the Fleurette group’s remaining 31% stake in Mutanda Mining Sarl for $922 million and a 10.25% stake in Katanga Mining Ltd. for $38 million. Fleurette and its affiliates owe outstanding loans to the Glencore group over the Mutanda shares, amounting to $556 million, of which $120 million comprises accrued interest.
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Glencore plc Baar, Switzerland Mutanda Mining Sarl
2019-11-27 · Mutanda Mining Sarl (“Mutanda”) 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.
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Glencore : Mutanda Mining Sarl ("Mutanda") |
2017-1-6 · Mutanda Mining Sarl ('Mutanda') 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. For further information please ...
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Miner-trader Glencore cobalt production up 14% year on ...
2022-2-3 · Cobalt production from miner-trader Glencore totaled 31,300 tonnes in 2021, up by 14% year on year due to a limited restart of production at its copper-cobalt Mutanda mine in the Democratic Republic of Congo (DRC), the company said in its annual report.
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Glencore Spends $960 Million on DRC Copper and Cobalt ...
2017-2-16 · The major miner now owns 100 percent of Mutanda Mining and about 86.33 percent of Katanga Mining (TSX:KAT), according to a statement released Monday (February 13). It bought a 31-percent stake in ...
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Mutanda Mining - Sulphuric Acid
2019-11-28 · 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 Gécamines held the remaining 20%.
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Glencore tightens grip on Congo mine | Financial Times
Samref Congo owns 80 per cent of the Mutanda mine. The deal means Glencore owns almost 75 per cent of Samref Overseas, or a 60 per cent indirect stake in
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Mutanda Mining Sprl Drc - Facty Mining Machinery
2021-7-24 · Mutanda Mining Sarl Glencore plc Baar Switzerland 5 January 2017 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.
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Glencore's Mutanda mine in Congo shuts a month early ...
2019-11-26 · Glencore’s Mutanda mine in Democratic Republic of Congo suspended operations prematurely on Monday due to a lack of sulphuric acid, a
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