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”).
Glencore Increases Stake In Mutanda Mining
Glencore Increases Stake In Mutanda Mining. Indonesias state mining company increases share in grasberg as rio tinto ends decades-old rights agreementrio tinto to sell grasberg stake in us3billion deal indonesias state mining company increases share in grasberg as rio tinto ends decades-old rights glencore to suspend mutanda mine operations following first-half losses.
Glencore buys stakes in Mutanda and Katanga ... - …
Mutanda mine in the DRC (Photo: Glencore) Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.
Lencore Increases Stake In Mutanda Mining- …
Glencore increases mutanda equity cobalt development instituteof the remaining 145 per cent indirect equity interest in mutanda mining sarl mutanda held by high gradeglencore xstrata is one of the worlds largest global diversified natural resource compan,Lencore Increases Stake In Mutanda Mining.
Glencore buys stakes in Mutanda Mining and …
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.
Glencore increases stake in Mutanda mining
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 Xstrata raises stake in Africas ... - …
Glencore Xstrata (LON:GLEN) confirmed Thursday it had acquired an additional 14.5% interest in Mutanda, a copper mine in the province of Katanga, Democratic Republic of Congo, raising its indirect ...
Glencore Increases Stake In Mutanda Mining
Glencore Increases Stake In Mutanda Mining. We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment, milling equipment, mineral processing equipment and building materials equipment.
DR Congo: Glencore to increase stake in Mutanda …
20-5-2020 · (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.
Mutanda Mining Sarl - Glencore
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.
Glencores Mutanda mine in Congo shuts down a …
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 ...
Glencore Increases Stake In Mutanda Mining- …
Glencore Increases Stake In Mutanda Mining. Ownership 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 gcamines held the remaining 20 glencore also indirectly owns 375 of kans
Glencore Increases Stake In Mutanda Mining
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Glencore studying "strategic options" over DRCs …
GLENCORE was “considering its strategic options” in respect of its $1.8bn Mutanda Mining Company, a producer of copper and cobalt that mines in the Katanga province of the Democratic Republic of Congo (DRC). This was after the Swiss-based mining and commodities trading group had received “certain incoming press inquiries in relation to the potential acquisition […]
Glencore Increases Stake in Mutanda Mine | INN
22-5-2020 · Glencore Increases Stake in Mutanda Mine Investing News Network - May 22nd, 2012 The Australian reported that Glencore (LSE:GLEN) has invested for an …
glencore increases stake in mutanda mining
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 % 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. Get Price
Glencore to End Mutanda Cobalt Production | …
Glencore to End Mutanda Cobalt Production Scott Tibballs - August 6th, 2019 Glencore will shutter the Mutanda copper-cobalt mine at the end of 2019, with the company blaming cobalt prices and DRC ...
Glencores Mutanda mine in Congo shuts a month …
Glencores Mutanda mine in Democratic Republic of Congo suspended operations prematurely on Monday due to a lack of sulphuric acid, a key input for copper and cobalt extraction.
Glencore Acquires Remaining Stake in Mutanda …
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 ...
Mutanda Mine - Wikipedia
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%. [2]