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").

Katanga Mining - Wikipedia

Katanga Mining Ltd (TSX:KAT) is a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Katanga Mining operates a major mine complex in the Congo's Katanga Province, producing refined copper and cobalt. It claims to have the "potential of becoming Africa's largest copper producer and the world's ...

Katanga Mining : Glencore - Announcement in connection ...

Glencore notes the announcement today by Katanga Mining Limited ('Katanga') that Katanga has entered with others into a settlement agreement ('Settlement Agreement') with the Ontario Securities Commission ('OSC'). Katanga will make a payment of C$30 million (US$22.5 million) as part of the ...

Katanga Mining Ltd (KAT.TO) Quote| Reuters.com

Glencore Coal chief development officer named Katanga CEO. April 17 Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top ...

Glencore - Wikipedia

In a June 2018 "debt-for equity swap", Glencore's Katanga Mining Ltd. agreed to a recapitalization plan involving a US$5.6 billion debt write-off and a $150 million payment to the Congolese state mining company Gécamines. According to company sources, Gertler will receive a royalty payment of about 25 million euros in 2018.

Glencore: Environmental damage, human rights violations ...

project brief describtion Katanga Mining Ltd. operates a copper-cobalt project in the Democratic Republic of Congo. It is a 75% subsidiary of Glencore, listed at the Toronto Stock Exchange and has changed its incorporation from Bermudas to the Yukon Territory in Canada in 2011 (which has the lowest

Katanga Mining Names Jeff Gerard CEO | MarketScreener

Glencore majority-owned unit Katanga Mining said Chief Executive Danny Callow has resigned, and will be succeeded by Jeff Gerard, effective May 2. Mr. Gerard is joining Katanga from Glencore Coal, where he has been chief development officer. He was an executive at Xstrata PLC before its 2013 merger ...

Glencore's Growing Legal Troubles With Katanga Mining | Raid

Nov 20, 2018· Since then the legal and regulatory troubles of Glencore and its subsidiary have deepened. Three of Katanga Mining's directors resigned, including Aristotelis Mistakidis, a senior executive at Glencore. The OSC probe into Katanga Mining continues and new investor lawsuits have been filed against both companies and senior managers.

Katanga Mining | Wiki | Everipedia

Katanga paid US$452 million in cash to Nikanor Shareholders. In January 2008 Nikanor was merged into Katanga Mining. Katanga Mining Ltd is majority-owned by Swiss commodity trader Glencore . [3] A joint venture of Katanga Mining (75%) and Gécamines (25%) began mining Tilwezembe, an open-pit copper and cobalt mine, in 2007.

Katanga Mining - Wikipedia

Katanga paid US$452 million in cash to Nikanor shareholders. In January 2008 Nikanor was merged into Katanga Mining. Katanga Mining Ltd is 86% owned by Swiss commodity trader Glencore. A joint venture of Katanga Mining (75%) and Gécamines (25%) began mining Tilwezembe, an open-pit copper and cobalt mine, in 2007.

Announcement in connection with Katanga Mining Limited

Nov 20, 2017· Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. This announcement contains inside information. 171120-Glencore-announcement-Katanga-Mining-Limited.pdf