WhatsApp)
The Mutanda stake is valued at 922 million, and the holding in Torontolisted Katanga is valued at 38 million, according to the statement from Glencore. The deal increases Glencore''s holding to percent in Katanga. Glencore also take over 130 million in loans Mutanda owed to Fleurette.
Glencore also indirectly owns % of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi). In August 2011 Glencore''s CEO said the company planned to combine the two properties and to increase its share to over 50%.
Oct 07, 2019· It follows a cobalt sales agreement in May between Glencore and Umicore. Glencore announced on August 7 that it would mothball its Mutanda mine in the Democratic Republic of Congo (DRC), partly on the back of depressed market conditions. The announcement led to a 30% increase in the price of cobalt.
Jan 12, 2017· Congo minister says Glencore can increase Mutanda mine stake. Jan. 12, 2017 12:47 PM ET ... Glencore (OTCPK ... said last week it was considering increasing its 69% stake in the Mutanda Mining ...
May 22, 2012· Commodities trader Glencore has taken majority control of its fastgrowing Mutanda copper operation in Congo with deals worth 480 million, marking the first step in a planned merger of the mine ...
Feb 14, 2017· Glencore has purchased the Fleurette group''s remaining 31% stake in Mutanda Mining Sarl and an approximate % 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.
Mutanda Mining Sarl . Mutanda . 2 . This presentation has been prepared by Glencore Xstrata plc ("Glencore"). Forward looking statements . This document contains statements that are, or may be deemed to be, "forward looking statements" which are prospective in nature. Such ... to buy 50% stake in 2016 and remaining
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.
Roskill view: Glencore announced that it was studying strategic options for the Mutanda mine. 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. Read more
Dec 19, 2013· Glencore Xstrata has spent 430m to raise its stake in an African copper mine in a sign of the commodity group''s increasing focus on the continent. Glencore .
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 Swissheadquartered mining and commodities marketing company said in an announcement that it would own of Mutanda and % of [.]
Feb 14, 2017· Glencore buys Dan Gertler stakes in 2 Congo mines ... Glencore said it would purchase the 31% holding held in Mutanda Mining by Mr. Gertler''s Fleurette Group, valuing the stake .
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 % stake in Katanga Mining Limited (the "Katanga Shares").
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 % stake in Katanga Mining Limited (the "Katanga Shares").
Jan 05, 2017· The Financial Times reported that Glencore could buy all or part of the 31% stake held by Fleurette in the Mutanda copper mine. Glencore already owns a 69% interest in the openpit mine. After paying down debt and strengthening its balance sheet, Glencore''s CEO, Ivan Glasenberg, is .
ASK GLENCORE. Democratic Republic of the Congo ... In the DRC, we have a substantial stake in Katanga Mining and wholly own Mutanda Mining, both located in the DR Congo''s Katanga ... We are supporting a publicprivate partnership through our interests in Katanga Mining and Mutanda Mining and the government with a 400 million commitment ...
In February 2017, Glencore announced that it had acquired the remaining 31% stake in Mutanda Mining Sarl ("Mutanda"), which it did not previously own. Following the acquisition, Glencore owns of the shares in Mutanda.
Jun 27, 2019· The accident occurred in the KOV openpit mine at the Kamoto Copper Company (KCC) concession, in which Glencore subsidiary Katanga Mining owns a 75% stake.
Glencore to Pay 534 Million for Gertler''s Stakes in Two Congo Copper Mines Swiss mining company says it now owns of Mutanda''s shares and 86% of Katanga''s shares
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 stateowned Gécamines held the remaining 20%. Glencore also indirectly owns % of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi).
Jan 12, 2017· The Democratic Republic of Congo won''t stand in the way of Glencore''s (LON:GLEN) plans to increase its stake in the Mutanda copper mine, an asset it jointly owns with billionaire mining .
May 03, 2018· Glencore owns 100 percent of Mutanda Mining and about 86 percent of Katanga Mining, which in turn has a 75 percent stake in KCC. HOW WILL GLENCORE SHARES REACT?
Jun 08, 2018· CongoleseAmerican businessman and convicted fraudster Charles Brown claims he''s owed 1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly ...
Feb 13, 2017· The assets include a 31 percent stake in Mutanda Mining, the world''s biggest cobalt mine, and a percent holding in ... The deal increases Glencore''s holding .
WhatsApp)