kcc

 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.

DRC mining entity Gécamines has officially withdrawn the legal proceedings it commenced on 20 April 2018 in the Kolwezi Commercial Court to dissolve Kamoto Copper Company.  

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’s Congolese subsidiary Kamoto Copper Company (KCC) is facing a variety of financial risks which include the revised Mining Code and payments owed to companies that have been block sanctioned. It may also encounter...

DRC - Due to the “challenging commodities environment”, Glencore’s Katanga Mining has commenced a review of its business which could result in up to 18 months of suspended copper and cobalt production from its...