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DR Congo: Glencore to increase stake in .Deze pagina vertalen

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 .Traduire cette page

Glencore will set-off against the cash consideration payable to Fleurette, loans owing to the Glencore group by Fleurette and its affiliates, and secured over the Mutanda Shares, amounting to US$556 million of which US$ 120 million comprises accrued interest. In addition, Glencore has acquired shareholder loans owed to the Fleurette group by Mutanda Mining Sarl in the amount of US$130 million.

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Glencore purchases stakes in Mutanda and .Traduire cette page

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Glencore's Mutanda closure may be bargaining .

15.08.2019 · Swiss miner Glencore said this month that it will be suspending production at one of the world's largest cobalt mines in Mutanda in the Democratic Republic of the Congo by the end of the year. The move is likely an attempt to force the government's hand over corporate taxes, according to Indigo Ellis, Africa Analyst at Verisk Maplecroft.

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Glencore purchases stakes in Mutanda and .

13.02.2017 · Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support

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DR Congo: Glencore to increase stake in Mutanda .Traduire cette page

Glencore's desire to increase its stake in the Mutanda mine is proof that the firm is faring better financially considering it, like many other mining giants, has been affected by the global fall in commodity prices. It has, throughout the past year, focused on strengthening its balance sheet, reducing its debt, and has even resumed operations suspended on some coal mines in Australia.

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Glencore Acquires Remaining Stake in Mutanda .Deze pagina vertalen

The Mutanda stake is valued at $922 million, and the holding in Toronto-listed Katanga is valued at $38 million, according to the statement from Glencore. The deal increases Glencore's holding to 86.3 percent in Katanga. Glencore also take over $130 million in loans Mutanda owed to Fleurette.

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Glencore Buys Stakes In Mutanda And KatangaTraduire cette page

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Katanga Mining Limited Glencore : Glencore .Traduire cette page

Glencore : Glencore purchases stakes in Mutanda and Katanga by 24hgold 24hgold

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Glencore Purchases Stakes in Mutanda and .Traduire cette page

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. In addition, Glencore has acquired shareholder loans ...

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Glencore buys stakes in Mutanda and Katanga ... - .

Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. Glencore buys stakes in Mutanda and Katanga mines valued at ...

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Glencore mulls bigger stake in Mutanda Mine in DRCTraduire cette page

Glencore said on Friday that it was considering options to take a bigger stake in the Mutanda Mine, a copper and cobalt mine in the Democratic Republic of Congo. The global mining company said the ...

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BRIEF-Glencore says purchases stakes in Mutanda .Traduire cette page

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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Mutanda Mining Sarl - Glencore

Mutanda Mining Sarl. Glencore plc Baar, Switzerland 5 January, 2017. 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 course, if appropriate. For further information please contact ...

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Glencore buys stakes in Mutanda and Katanga for .Traduire cette page

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 Shares and the Katanga Shares to complete the transaction ...

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Glencore increases stake in Mutanda mining

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 – 31 per cent – is held by a subsidiary of Fleurette ...

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Mutanda mining | FLEURETTETraduire cette page

Mutanda Mining (known as "MUMI") comprises the Mutanda and Kansuki concessions in the Katanga province of the Democratic Republic of Congo which were merged in July 2013. MUMI is jointly owned by Glencore (69% ownership) and Fleurette (31% ownership). MUMI is managed by Glencore who also have a offtake contract for all copper and cobalt production. MUMI is a high-grade copper and ...

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Major Mines & Projects | Mutanda MineDeze pagina vertalen

In February 2017, Glencore announced that it had acquired the remaining 31% stake in Mutanda Mining Sarl ("Mutanda"), which it did not previously own. Following the acquisition, Glencore owns of the shares in Mutanda.

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Glencore's Congo mining conundrum - ReutersTraduire cette page

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Major Mines & Projects | Mutanda Mine

11.10.2019 · In February 2017, Glencore announced that it had acquired the remaining 31% stake in Mutanda Mining Sarl ("Mutanda"), which it did not previously own. Following the acquisition, Glencore owns of the shares in Mutanda. Deposit Type. Sediment-hosted; Source: p.10-11. Summary: The Mutanda copper-cobalt deposit lies with the lower part of the Neoproterozoic Katangan sedimentary .

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