mutanda mining control

Glencore may take full control of Mutanda copper mine | MINING.com

Jan 6, 2017 ... Miner and commodities trader Glencore (LON:GLEN) is mulling to hike its stake in the Mutanda mine in the Democratic Republic of Congo, a copper asset it jointly owns with billionaire mining tycoon Dan Gertler. The Swiss firm, which already owns 69% of the mine, confirmed Thursday it was studying...

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DRC says Ok for Glencore to take full control of Mutanda copper mine

Jan 12, 2017 ... The Democratic Republic of Congo won't stand in the way of Glencore's (LON:GLEN) plans to increase its stake in the Mutanda copper mine, an asset it jointly owns with billionaire mining tycoon Dan Gertler. Mines Minister Martin Kabwelulu told Bloomberg he “didn't believe” the government needed to...

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Mutanda Mining - Sulphuric Acid on the Web

News, July 2012 - Glencore has spent the equivalent fo $480 million to take majority control over the Mutanda Mining Sprl copper mining and solvent extraction/electrowinning (SX/EW) operation in the DRC. Glencore paid $340 million to acquire 24.49% of Samref Overseas SA from High Grade Minerals and a further 1%...

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Senior management – Katanga Mining Limited

Johnny Blizzard joined the Company on January 5, 2015 in the capacity of Chief Operating Officer (COO) and was appointed Chief Executive Officer (CEO) and Executive Director as of February 12, 2015. Mr. Blizzard has 26 years of experience in the mining industry, his last appointment as Director of Operations at Kinross...

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Glencore purchases stakes in Mutanda and Katanga

Feb 13, 2017 ... In addition, Glencore has acquired shareholder loans owed to the Fleurette group by Mutanda Mining Sarl in the amount of US$130 million. ... the percentage of the outstanding shares of Katanga beneficially owned by Glencore, or over which it had control or direction, increased by 11.05% and Glencore...

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Glencore takes control of Mutanda with $480 million deal - Reuters

May 22, 2012 ... Commodities trader Glencore (GLEN.L) 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 with its nearby Kansuki concession.

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Why Glencore bought Israeli tycoon out of Congo mines

Mar 13, 2017 ... It controlled one of the planet's highest-grade copper deposits, in the DRC's Katanga province, but prices for the metal had tumbled. In the thick of the financial .... Glencore also purchased Fleurette's 31 per cent stake in the other shared DRC copper mining venture, called Mutanda Mining. The stakes were...

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Glencore mulls bigger stake in Mutanda Mine in DRC - Mining Weekly

Jan 6, 2017 ... 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 announcement to shareholders was being made in response to queries from the media. It said it would...

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Thys Preez - Engineering Project Manager - Glencore Copper ...

Current. Glencore Copper,; Mutanda Mining sprl.,; MUMI sprl. Previous. Mutanda Mining sprl. Education. Vaaltriagle Technicon ... Mineral Processing; Mining; Commissioning; Maintenance Management; Copper; Planned Preventative Maintenance; Plant Maintenance; Metallurgy; Gold; Factory; Engineering; Petrochemical...

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Mutanda Mining should assume responsibility for polluting the ...

Apr 26, 2017 ... ... Human rights express their deep concern following the pollution of the Luakusha River and the Lake Kando and the damage of populations' farms by a toxic acid that leaked from a pipeline belonging to Mutanda Mining (MUMI). MUMI is a joint-venture controlled by Glencore the majority shareholder (with...

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We'll All Be Relying on Congo to Power Our Electric Cars - Bloomberg

Oct 26, 2017 ... President Joseph Kabila -- who's father seized control of the country after overthrowing Mobutu Sese Seko in 1997 only to be assassinated four years later ... The company shipped 24,500 tons of cobalt from its Mutanda mine last year, 40 percent of Congo's output and almost a quarter of global production.

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DR Congo urged to reveal terms of mine concession sale - Capital ...

Jun 26, 2015 ... A source close to the case said Glencore, as a majority partner of Mutanda Mining, had “operational control” of the management of that company. Under Congolese law, the government is required to publish any transfer of state resources within two months, but the February sale of the Kawama concession...

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US Treasury launches new sanctions; mining/oil ... - 普氏能源资讯

2017年12月21日 ... US Treasury launches new sanctions; mining/oil mogul Dan Gertler designated - Read this Platts metals news article here. ... Dan Gertler, recently a senior adviser to the Fleurette Group, which sold its 31% stake in the Democratic Republic of the Congo's Mutanda copper mine to Glencore in mid-February.

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5 Top Cobalt-mining Companies | Investing News Network

Feb 21, 2018 ... Until last year, the company held stakes in Mutanda Mining and Katanga Mining, both of which are cobalt-producing operations in the DRC. ... with companies such as Glencore, US-based Freeport-McMoRan (NYSE:FCX) and Canada's Ivanhoe Mines (TSX:IVN) having controlling stakes and operating the...

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The Carter Center and Partners to Present Key Findings from DRC ...

Feb 13, 2017 ... ... Kamoto Copper Company (Glencore), and Mutanda Mining (Glencore). The Carter Center will present a new analysis synthesizing significant findings from these studies entitled, “Improving Governance of Revenues from the Mining Industry: Cross-Cutting Lessons from Fiscal and Parafiscal Analyses of...

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Deziwa - Mining Atlas

Fleurette Group: Mutanda Mining SARL - First Quarter 2016 Calendar Year Production Report 2016-05-04. KINSHASA ... Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday.

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Mutanda Mine, Kolwezi, Kolwezi District, Katanga (Shaba) - Mindat.org

Mutanda Mine, Kolwezi, Kolwezi District, Katanga (Shaba), Democratic Republic of the Congo : An open-pit copper mine operated by Glencore International. Annual production capacity is estimated at 20000 tonnes of copper metal and 8000 tonnes of cobalt in cobalt hydroxide, with expansion to ...

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Cobalt: Glencore Strikes Back | Seeking Alpha

Mar 31, 2017 ... Glencore plans to double cobalt output by 2018 and will acquire 31 percent in Mutanda Mining in the DRC from billionaire Dan Gertler. ... In 2016, China Molybdenum acquired Freeport's 56 percent controlling interest in the Tenke Fungurume mine for US$2.65 billion, the largest investment ever in the...

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Mining companies told to move HQ's as provinces vie for minerals ...

Apr 26, 2017 ... The Democratic Republic of Congo told local units of Glencore, China Molybdenum, Ivanhoe Mines and four other mining companies to relocate their head ... His management of the $27-million tax payment from Mutanda is yet to be referred to the provincial assembly, but the body's economic and financial...

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DRC mining sector sheds 3,000 direct jobs since 2015 | Central Africa

Jun 8, 2016 ... It said Kazakh company Eurasian Resources Group cut 1,300 jobs this year at a mine and sub-contracting company it controls. ... The two biggest producers are Mutanda, a joint venture between Switzerland-based Glencore and Israeli billionaire Dan Gertler's Fleurette Group, and Tenke, whose majority...

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DRC mining sector sheds 3,000 direct jobs since 2015 | Central Africa

Jun 8, 2016 ... It said Kazakh company Eurasian Resources Group cut 1,300 jobs this year at a mine and sub-contracting company it controls. ... The two biggest producers are Mutanda, a joint venture between Switzerland-based Glencore and Israeli billionaire Dan Gertler's Fleurette Group, and Tenke, whose majority...

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mutanda report - HKEXnews

Mar 23, 2011 ... Glencore owns a 40% equity interest in Mutanda Mining Sprl which owns the Material Assets which are the subject of this MER. ... MINERAL EXPERT'S REPORT: MUTANDA MINING SPRL. 821 ..... social management complies with Equator Principles and the International Finance Corporation (“IFC”).

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Glencore pays 'infamous' tycoon $160m in Congo deal | Business ...

Feb 15, 2017 ... Glencore has paid $160 million in royalties to a company controlled by a businessman accused of corruption by US investigators, an analysis suggests. ... The $960 million deal excluded a lucrative royalty stream that Fleurette acquired along with a stake in the Mutanda mine from Gecamines, Congo's state...

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Cobalt blues - SOMO

Apr 4, 2016 ... severe human rights violations.4 Rebel-controlled mines have long served as a major source of income for violent conflicts in eastern .... SEK MINE AND PROCESSING PLANT. HUACHIN SMELTER AND MINE. ERG BOSS AND PROCESSING PLANT. MKM MINE. MUTANDA MINE. Democratic. Republic.

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groupe bazano sprl mining exploitation, environmental management ...

The article deliberately contains false information and omissions, the author claiming that some of the information that we have provided was not convincing in his eyes. However, it should be noted the following facts. - GROUPE BAZANO no longer holds any share in MUTANDA MINING SPRL, an affiliate of GLENCORE.

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Glencore buys DRC mine shares from Israeli magnate | News24

Feb 14, 2017 ... Switzerland-based Glencore said it will pay Israeli billionaire Dan Gertler's Fleurette group $960m for Fleurette's 31% share in the Mutanda mine and 10.25% stake in the Katanga mine. Glencore, widely regarded as a maverick in the global commodities sector, will assume full control of the Mutanda mine...

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SENET :: MUTANDA PHASE 1

The first phase of the Mutanda Mining (Mumi) project was designed to process approximately 51KTPM of copper and cobalt-bearing ore, producing approximately ... In addition, SENET was responsible for all aspects of the construction, logistics and management of the project, together with the construction of offices and a...

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Glencore to Pay $534 Million for Gertler's Stakes in Two Congo ...

Feb 13, 2017 ... Glencore said it would purchase the 31% holding held in Mutanda Mining by Mr. Gertler's Fleurette Group, valuing the stake at $922 million. The amount of ... Mr. Gertler was at the center of the Justice Department's criminal case against New York hedge fund Och-Ziff Capital Management LLC. The Justice...

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Resource Matters - Magnitsky in Congo - Impact of Gertler sanctions ...

Feb 16, 2018 ... Katanga Mining Ltd. Kamoto Copper Company SARL (KCC). Gécamines. DRC State. Glencore. Other Toronto Stock. Exchange shareholders. Royalty payments. Africa Horizons Investments Limited. (sanctioned). Mutanda Mining. Gertler-affiliated,. Fleurette-controlled company. 25%. 100%. 13.67%. 86.33...

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glencore must fully explain its involvement in secret ... - Global Witness

May 3, 2012 ... of stakes in the Kansuki and Mutanda mines in Congo's southern Katanga province in 2010 and 2011. They also raise .... those of its subsidiaries that control assets in Congo 23 .... G.E.C., a Canadian firm which controlled the prized KOV mine in Katanga and in which Mr Gertler had interests. In 2008...

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Glencore's Ruthless Cost-cutting Harms Communities in the Congo ...

Jun 18, 2014 ... In the DRC, Glencore controls two mining complexes, the Kamoto Copper Corporation (KCC) and Mutanda-Kansuki (MUMI), and buys their entire production. Glencore obtains one fifth of the world's total cobalt production from its DRC operations. In May 2011, when Glencore listed on the London Stock...

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PR or Progress? Glencore's Corporate Responsibility ... - Brot für alle

Jun 6, 2014 ... despite the wealth of its natural resources. In the DRC, Glencore controls two mining complexes, KCC and Mutanda-Kansuki and buys their entire production. These companies are strategically important: they supply 19% of Glencore's copper and 82% of its cobalt and enjoyed a 50% increase in produc-.

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Merger of Mutanda and Kansuki mining operations.docx (Final)

Jul 25, 2013 ... with the consideration for such absorption being the issue of new Mutanda shares. Following completion of the Merger, Glencore has a 54.5 per cent. indirect interest in the enlarged operations, thereby giving it majority control over the merged entity and its operations. The remaining interests in Mutanda...

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CONGO-K : Mines at the heart of ethnic allegiances - Africa ...

Aug 29, 2013 ... Whoever controls the copper, cobalt, diamond and cassiterite mines of this vast land controls the manna which will finance the presidential and provincial ...... He is vice president of the Chamber of Mines and chairman of the board of Mutanda Mining, the company owned jointly by Glencore and the Dan...

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DRC's new draft mining code worries miners – African Mining Brief

Dec 13, 2017 ... The operating subsidiaries included in the joint press release are: Kamoa Copper (controlled by Robert Friedland's Ivanhoe Mines); Kamoto Copper ( Glencore); Kibali Gold Mines (controlled jointly by Randgold Resources and AngloGold Ashanti); Kipushi Corporation ( Ivanhoe Mines); Mutanda Mining...

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Glencore buys out billionaire with $1bn Congo mining deal ...

Feb 14, 2017 ... For Glencore, the deal achieves two things: greater control of key assets at a time of booming copper and cobalt prices and a parting of ways from Gertler ... The assets include a 31% stake in Mutanda Mining, the world's biggest cobalt mine, and a 10.3% holding in Katanga Mining, which operates a nearby...

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Inside the Gertler's Empire in the DR Congo | Mining News Magazine

Dec 6, 2012 ... Wearing a black suit by French fashion house Zilli, ritual white tassels hanging off both hips and a black-velvet yarmulke, Gertler hops out into the dust of Mutanda, a mine controlled by his partner, Glencore International Plc (GLEN), that holds cobalt and some of the highest-grade copper in the world,...

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Mining Jobs in Dem. Rep. Congo - Careermine - InfoMine

Mining jobs found in Dem. Rep. Congo. Get daily mining job alerts. New mining job vacancies on Careermine.

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Newmont Mining Salaries | Glassdoor

A free inside look at Newmont Mining salary trends. 299 salaries for 198 jobs at Newmont Mining. Salaries posted anonymously by Newmont Mining employees.

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Glencore's Corporate Responsibility in the Democratic ... - Raid

Company (KCC) and Mutanda Mining (MUMI). ... the Glencore mines. Throughout the investigation, RAID, Bread for All and Fastenopfer remained in regular contact with. Glencore. A research team visited Glencore mines and installations in the DRC between 7 ... In the DRC, Glencore controls two mining complexes, KCC.

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