katanga mining

Katanga Mining has announced that it has resumed the export and sale of cobalt from its DRC subsidiary, Kamoto Copper Company (KCC).

Less than a week after Glencore-owned Katanga Mining announced the temporary suspension of cobalt export from its Kamoto mine, the importing or exporting of any material or production, including copper, has been suspended owing to alleged failure to declare duties on at least 6 650 t of copper.

 The 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.

Katanga Mining's subsidiary, Kamoto Copper Company, will temporarily suspend the export and sale of cobalt at its Kamoto Project in the DRC.

TSX-listed Katanga Mining has announced that, together with Kamoto Copper, it has entered an agreement with Gécamines to terminate the legal proceedings brought by Gécamines in the DRC courts and resolve KCC’s previously disclosed capital deficiency.

A DRC court has suspended proceedings initiated by state-owned mining company Gecamines to dissolve a unit of Glencore until at least next month.

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion.

Gécamines says it is compelled to take legal action against Katanga Mining for failing to restore shareholder equity within the legal time period.

DRC state-owned mining company Gécamines has commenced legal proceedings against TSX-listed Katanga Mining to dissolve Kamoto Copper Company – a joint venture between the...

DRC - Katanga Mining, Glencore’s DRC-focused copper/cobalt company, has confirmed the decision to suspend the processing of copper and cobalt and expects it will last...