Democratic Republic of Congo’s state-owned mining company Gécamines says that it was not consulted on Katanga Mining’s decision to suspend cobalt sales and exports from the Kamoto Copper Company project.
This follows the announcement by Katanga Mining on 6 November that it was temporarily suspending, until further notice, the export and sale of cobalt extracted from the Glencore-owned Kamoto Copper Company (KCC) project in the DRC after excessive levels of uranium were found in the cobalt hydroxide being produced.
Gécamines says that while it was alerted by its representatives within KCC of the discovery in some trucks, of a high level of uranium in the cobalt hydroxide produced by KCC, the state-owned miner was not involved in the announcements made by Katanga Mining Limited, notably the decision to stop the export and sale of cobalt, as well as additional investments.
Gécamines further notes that the corporate bodies of KCC have not been consulted on the matter either.
Gécamines has therefore requested an emergency meeting between the technical teams of the various stakeholders, to adopt a common position on the issues raised, in accordance with its agreements and the applicable laws, and before adopting any binding decision that could engage Gécamines as co-shareholder.