Glencore plc Baar, Switzerland Mutanda Mining Sarl …

2017-1-5 · Mutanda Mining Sarl ("Mutanda") 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 …

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Glencore purchases stakes in Mutanda and Katanga, 13 Feb ...

2021-8-27 · Glencore plc. Baar, Switzerland. 13 February 2017 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").

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Glencore agrees $960 million copper and cobalt deal with ...

Glencore purchases stakes in Mutanda and Katanga

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Glencore acquires remaining 31% stake in Mutanda, 10.25% ...

2017-2-14 · Glencore has purchased the remaining 31% stake in Mutanda Mining, alongside an approximated 10.25% stake in Katanga Mining, both in the Democratic Republic of Congo (DRC), from subsidiaries of Fleurette Properties for a total cash consideration of $960 million.

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Glencore tightens grip on Congo mine | Financial Times

Samref Congo owns 80 per cent of the Mutanda mine. The deal means Glencore owns almost 75 per cent of Samref Overseas, or a 60 per cent indirect stake in Mutanda, and a $430m option to buy the ...

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Cobalt: Glencore considers bigger stake in Mutanda — Roskill

2017-1-11 · Glencore holds a 69% stake in Mutanda Mining, having increased its stake from 50% in 2007 via a series of acquisitions. Fleurette owns the remaining 31%. The Mutanda mine is the biggest single cobalt producing mine in the world. It lies about 40km to the southeast of Kolwezi. Following the completion of expansions in Q1 2012, Mutanda Mining has ...

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Glencore Spends $960 Million on DRC Copper and Cobalt ...

2017-2-15 · Glencore Spends $960 Million on DRC Copper and Cobalt Mines. Priscila Barrera - February 15th, 2017. The company bought the remaining stake in the Mutanda mine and increased its interest in ...

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Glencore makes the most of coal mining''s final days as ...

2021-6-30 · Glencore makes the most of coal mining''s final days as competitors retreat. Glencore has fully acquired the Cerrejón thermal coal mine for about $588m amidst a rise in coal demand and record-high coal prices. Glencore seized the opportunity to gain full control of the Cerrejón thermal coal mine for about $588m. Credit: rafapress / Shutterstock.

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Glencore purchases stakes in Mutanda and Katanga

2021-8-25 · 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").

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DR Congo: Glencore to increase stake in Mutanda mine ...

2017-1-9 · 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...

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Glencore purchases stakes in Mutanda and Katanga | Dry Bulk

2017-2-15 · Glencore has announce that the company has purchased from subsidiaries of Fleurette Properties Ltd the Fleurette group''s remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining Ltd.

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Glencore Purchases Stakes in Mutanda and Katanga | E & MJ

2020-4-8 · Glencore has purchased the Fleurette group''s remaining 31% stake in Mutanda Mining Sarl for $922 million and a 10.25% stake in Katanga Mining Ltd. for $38 million. Fleurette and its affiliates owe outstanding loans to the Glencore group over the Mutanda shares, amounting to $556 million, of which $120 million comprises accrued interest.

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Glencore agrees $960 million copper and cobalt deal with ...

2017-2-13 · Glencore has increased its hold on Democratic Republic of Congo''s copper and cobalt resources by buying the remaining stake in the Mutanda mine from …

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Mutanda Mining

2019-11-28 · Glencore made an investment of $650 million to develop this capacity. 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 …

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BRIEF-Glencore says purchases stakes in Mutanda and ...

2017-2-13 · Feb 13 (Reuters) - Glencore Plc : * Today purchased from subsidiaries of fleurette properties limited, fleurette group''s remaining 31 pct stake in Mutanda mining sarl and an approximate 10.25 ...

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Cobalt: Glencore to keep Mutanda on care and maintenance ...

2020-8-20 · In a further update on the mine during its recent Q2 2020 results announcement, Glencore emphasised that the mine would remain shut and would only re-open once the cobalt market improved. Roskill View. Mutanda is a key copper-cobalt operation. In 2019, it produced 26.4kt of cobalt (approximately 60% of Glencore''s total supply).

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Glencore purchases stakes in Mutanda and Katanga

2017-2-13 · 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").

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Glencore set to reopen DRC''s Mutanda copper/cobalt mine in ...

2021-5-19 · GLENCORE is to reopen its Mutanda mine in the Democratic Republic of Congo (DRC) next year, said Reuters citing a source with direct knowledge of the matter.. Mutanda, the world''s largest cobalt mine and which also produces large amounts of copper, was mothballed in November 2019 in a context of falling cobalt prices, increased costs, and higher taxes that had dented the mine''s economic ...

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Glencore snaps up Colombian coal stakes

2021-7-1 · Glencore said on Monday it expects to pay $230 million for the combined 66 percent stake owned by BHP Group and Anglo when the deal is completed in the first half of 2022. It sees production ...

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Glencore takes control of Mutanda with $480 million deal ...

2012-5-22 · Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of ...

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Glencore Xstrata increases stake in African copper mine ...

Glencore exercised an option to buy a 14.5 per cent stake in Mutanda, a mine in the Democratic Republic of Congo, raising its indirect interest to 69 per cent. The stake was held by High Grade ...

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Glencore agrees $960 million copper and cobalt deal with ...

2017-2-13 · LONDON/KINSHASA (Reuters) - Glencore has increased its hold on Democratic Republic of Congo''s copper and cobalt resources by buying the remaining stake in the Mutanda mine …

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Glencore pays $534m cash for Mutanda, higher stake in ...

2017-2-13 · GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the country''s Katanga Mining for a net cash investment of $534m. The Swiss-headquartered mining and commodities marketing company said in an announcement that it would own of Mutanda …

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glencore increases stake in mutanda mining

Glencore buys out billionaire with $1bn Congolese mining deal. Feb 14, 2017 The assets include a 31% stake in Mutanda Mining, the world''s biggest cobalt The deal increases Glencore…

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Glencore buys stakes in Mutanda and Katanga for $960m

2017-2-14 · Glencore has purchased the remaining 31% stake of Fleurette Group''s Mutanda Mining Sarl and also gained a 10.25% interest in Katanga Mining for a total consideration of $960m. Both mines are located in the Democratic Republic of Congo. Glencore hired BMO Capital Markets to determine the appropriate consideration for the Mutanda …

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Mutanda Mining Sarl

2021-8-27 · 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 …

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Glencore increases stake in Mutanda mining

2014-1-15 · 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 …

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UPDATE 2-Glencore takes control of Mutanda with $480 mln ...

2012-5-22 · Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of the mine ...

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Glencore buys stakes in Mutanda Mining and Katanga Mining

2017-2-14 · Glencore has purchased the Fleurette group''s 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.

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Glencore buys stakes in Mutanda and Katanga ...

2017-2-13 · The company will also purchase Gertler''s minority stake in Katanga Mining Ltd. (TSX:KAT), for $38 million, increasing its ownership in the company which owns the Katanga copper-cobalt mine, …

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