Dec 19, 2013 The company acquired a 54.5% interest in Mutanda in July, receiving at the time a put and call option agreement for the additional 14.5% stake. Glencore is also moving full speed with its plans to
Glencore bought the remaining 14.5 per cent interest in Mutanda Mining held by High Grade Minerals, taking its stake to 69 per cent. Mutanda is a high grade copper and cobalt producer, with its operations located in the province of Katanga, in Congo. The remaining equity in Mutanda – 31 per cent – is held by a subsidiary of Fleurette
Glencore pays $534m cash for Mutanda, higher stake in . 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
May 19, 2021 Glencore to resume operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022. Glencore suspended operations at the Mutanda mine in 2019. Credit: Анатолий Стафичук from Pixabay. Glencore is reportedly planning to restart operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022.
The Mutanda stake is valued at $922 million, and the holding in Toronto listed Katanga is valued at $38 million, according to the statement from Glencore. The deal increases Glencore's holding to 86.3 percent in Katanga. Glencore also take over $130 million in loans Mutanda owed to Fleurette. Glencore may have other reasons for buying the
Jan 09, 2017 Monday, 09 January 2017 12:51. 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
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
Glencore pays $534m cash for Mutanda, higher stake in . 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
May 19, 2021 Glencore to resume operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022. Glencore suspended operations at the Mutanda mine in 2019. Credit: Анатолий Стафичук from Pixabay. Glencore is reportedly planning to restart operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022.
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
Jun 14, 2022 Monday, 09 January 2017 12:51. 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
Feb 13, 2017 Today Glencore announced it will purchase the 31% stake in the copper cobalt project owned by Gertler's Fleurette Properties Limited, taking full ownership of the mine from its present 69% share
4 hours ago There was no response. In the DRC, the company owns two copper and cobalt mines: Katanga and Mutanda. In its guilty plea, Glencore admitted to making payments of $27.5 million that its officials
Glencore bought the remaining 14.5 per cent interest in Mutanda Mining held by High Grade Minerals, taking its stake to 69 per cent. Mutanda is a high grade copper and cobalt producer, with its operations located in the province of Katanga, in Congo. The remaining equity in Mutanda – 31 per cent – is held by a subsidiary of Fleurette
Feb 14, 2017 Tuesday, February 14th, 2017. Glencore has recently 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 .
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
May 22, 2012 The Australian reported that Glencore LSE:GLEN has invested for an increased stake in the Mutanda copper cobalt mine in the Congo. As quoted in the market news: The deal boosts Glencore’s
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
Feb 13, 2017 Today Glencore announced it will purchase the 31% stake in the copper cobalt project owned by Gertler's Fleurette Properties Limited, taking full ownership of the mine from its present 69% share
The Mutanda stake is valued at $922 million, and the holding in Toronto listed Katanga is valued at $38 million, according to the statement from Glencore. The deal increases Glencore's holding to 86.3 percent in Katanga. Glencore also take over $130 million in loans Mutanda owed to Fleurette. Glencore may have other reasons for buying the
Feb 14, 2017 Glencore now owns of the shares in Mutanda and approximately 86.33% of the shares in Katanga. It will set off loans owed to the Group by Fleurette and its affiliates against the cash payable to Fleurette. The loans are secured over the Mutanda shares and amount to $556 million of which $120 million comprises accrued interest.
Feb 14, 2017 The consideration for the Mutanda Shares is $922 million and the Katanga shares is $38 million. Glencore now owns of the shares in Mutanda and approximately 86.33% of the shares in Katanga. It will set off loans owed to the Group by Fleurette and its affiliates against the cash payable to Fleurette. The loans are secured over the Mutanda
Feb 14, 2017 The consideration for the Mutanda Shares is $922 million and the Katanga shares is $38 million. Glencore now owns of the shares in Mutanda and approximately 86.33% of the shares in Katanga. It will set off loans owed to the Group by Fleurette and its affiliates against the cash payable to Fleurette. The loans are secured over the Mutanda
Dec 19, 2013 The company acquired a 54.5% interest in Mutanda in July, receiving at the time a put and call option agreement for the additional 14.5% stake. Glencore is also moving full speed with its plans to
Feb 14, 2017 Tuesday, February 14th, 2017. Glencore has recently 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 .
Jan 09, 2017 Monday, 09 January 2017 12:51. 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
May 19, 2021 Glencore to resume operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022. Glencore suspended operations at the Mutanda mine in 2019. Credit: Анатолий Стафичук from Pixabay. Glencore is reportedly planning to restart operations at the Mutanda mine in the Democratic Republic of Congo DRC in 2022.
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
Anglo Swiss commodity trading and mining company Glencore Xstrata PLC has increased its indirect interest in the Democratic Republic of the Congo DRC copper miner Mutanda Mining SARL for US$430mn Glencore increases
The Mutanda stake is valued at $922 million, and the holding in Toronto listed Katanga is valued at $38 million, according to the statement from Glencore. The deal increases Glencore's holding to 86.3 percent in Katanga. Glencore also take over $130 million in loans Mutanda owed to Fleurette. Glencore may have other reasons for buying the
Dec 19, 2013 The company acquired a 54.5% interest in Mutanda in July, receiving at the time a put and call option agreement for the additional 14.5% stake. Glencore is also moving full speed with its plans to