Nov 17

glencore increases stake in mutanda mining

Glencore buys stakes in Mutanda and Katanga mines valued at .Feb 13, 2017 . Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. For the last month the Switzerland-based commodities trader has been studying strategic options for the Mutanda copper mine in the DRC, an asset it jointly.glencore increases stake in mutanda mining,Glencore pays $534m cash for Mutanda, higher stake in Katanga .Feb 13, 2017 . 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.

Share On :

Glencore buys Dan Gertler stakes in 2 Congo mines - MarketWatchFeb 14, 2017 . Swiss mining giant Glencore PLC agreed to pay $534 million in cash to acquire stakes in two African copper projects held by its longtime and controversial business partner, the Israeli billionaire Dan Gertler. Glencore said it would purchase the 31% holding held in Mutanda Mining by Mr. Gertler's Fleurette.glencore increases stake in mutanda mining,Glencore agrees $960 million copper and cobalt deal with FleuretteFeb 13, 2017 . 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 resource group Fleurette and increasing its share in Katanga for a total of $960 million.

John Frank

Request for Quotation

21 Comment on glencore increases stake in mutanda mining

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

Feb 15, 2017 . Glencore (LSE:GLEN) upped its involvement in the copper and cobalt markets this week after paying $960 million to increase its stakes in two copper-cobalt operations in the Democratic Republic of Congo (DRC). The major miner now owns 100 percent of Mutanda Mining and about 86.33 percent of.

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. . its interest in Katanga for investment purposes and will continue to review its investment alternatives from time to time, and may determine to increase or decrease.

Glencore buys stakes in Mutanda and Katanga mines valued at .

Feb 13, 2017 . Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns. For the last month the Switzerland-based commodities trader has been studying strategic options for the Mutanda copper mine in the DRC, an asset it jointly.

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

Feb 13, 2017 . 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.

glencore increases stake in mutanda mining,

Glencore Studying Raising Stake in Congo Mine With . - Bloomberg

Jan 5, 2017 . Glencore Plc, the commodities trader and miner headed by billionaire Ivan Glasenberg, is considering increasing its stake in the Mutanda copper mine in the Democratic Republic of Congo. The Swiss firm, which already owns 69 percent of the mine, will make a further announcement if appropriate, it said in.

Glencore agrees $960 million copper and cobalt deal with Fleurette

Feb 13, 2017 . 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 resource group Fleurette and increasing its share in Katanga for a total of $960 million.

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

Feb 15, 2017 . Glencore (LSE:GLEN) upped its involvement in the copper and cobalt markets this week after paying $960 million to increase its stakes in two copper-cobalt operations in the Democratic Republic of Congo (DRC). The major miner now owns 100 percent of Mutanda Mining and about 86.33 percent of.

Glencore to buy out Israeli billionaire Dan Gertler's mining stakes

Feb 13, 2017 . Glencore has struck a deal to buy out billionaire Israeli-mining entrepreneur Dan Gertler's stakes in two copper and cobalt mines in the Democratic Republic . “Mutanda and KCC (Mutanda's DRC subsidiary) have generated $3bn in tax revenues since our investment – a significant contribution to the DRC.

Congo Minister says Glencore can buy Gertler's copper mine stake

Jan 12, 2017 . . Mines Ministry said it wouldn't oppose a transfer of ownership in the country's biggest copper and cobalt producer, marking a departure from previous actions to block or tax changes in shareholding structures. Glencore said last week it's considering increasing its 69% stake in the Mutanda Mining project,.

Mutanda Mine - Wikipedia

The Mutanda Mine is an open-pit copper mine in the Katanga Province of the Democratic Republic of the Congo. Contents. [hide]. 1 Location; 2 Resource; 3 Ownership; 4 References. Location[edit]. The Mutanda Mine lies about 40 kilometres (25 mi)to the southeast of Kolwezi in the Roan formation. The property is close to.

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 questions over whether cash invested by Glencore shareholders is being used wisely. Mr Gertler is a key intermediary through whom Glencore has acquired stakes in Congolese mining.

Glencore: The Inside Story of How It Dug Itself out of a Deep Hole

Jul 21, 2016 . In fact, the commodities that Glencore mines and moves now touch virtually every facet of our hyperwired lives. Charge .. of the long China-driven commodities boom that began around the turn of the millennium, as the cost of everything from oil to iron ore to zinc spiked and investment capital followed.

GLENCORE XSTRATA PLC | GLN| GLENCORE | company news .

Glencore and QIA will each retain an economic interest in Rosneft shares commensurate with its original equity investment announced in December 2016, which amounts to ... In addition, Glencore has acquired shareholder loans owed to the Fleurette group by Mutanda Mining Sarl in the amount of USD130 million.

GLENCORE XSTRATA PLC | GLN| GLENCORE | company news .

Glencore and QIA will each retain an economic interest in Rosneft shares commensurate with its original equity investment announced in December 2016, which ... Glencore has purchased from subsidiaries of Fleurette Properties Ltd. (?Fleurette?) the Fleurette group?s remaining 31% stake in Mutanda Mining Sarl (the ?

Resource Global Network | Glencore pays $960m for DRC copper .

Feb 14, 2017 . Glencore (LSE:GLEN) increased its holding in Fleurette Properties subsidiaries with a US$960 acquisition announced yesterday. The multi-commodity miner purchased a further 31% stake in Mutanda Mining, bringing its interest to , and an approximate 10.25% stake in Katanga Mining. Taking into.

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

Feb 16, 2018 . DRC State. Glencore. Other Toronto Stock. Exchange shareholders. Royalty payments. Africa Horizons Investments Limited. (sanctioned). Mutanda Mining ... Investment Ltd. Copper. 150.000t. $6.500/t. $21,94. KCC. Africa Horizons. Investment Ltd. Cobalt. 11.000t. $65.000/t. $16,09. Mutanda. Unknown.

Glencore's Big Electric Car Bet Carries Plenty of Risk: Gadfly - The .

Nov 6, 2017 . This long-running saga is a reminder, though, of DR Congo's importance to Glencore. After buying out Gertler's equity stakes in the Mutanda and Katanga mines for about $530 million in cash earlier this year, the Swiss-based resources company owns even larger interests in Congolese copper and cobalt.

glencore increases stake in mutanda mining,

Mining firms face scrutiny over Congo deals | Business | The Guardian

May 8, 2012 . The Global Witness report states: "The dealings raise questions over whether Glencore played a role in secret sales of stakes in the Kansuki and Mutanda mines in Congo's southern Katanga province in 2010 and 2011. They also raise questions over whether cash invested by Glencore shareholders is.

Glencore Payments Face Canada Probe -- WSJ | Fox Business

Jul 28, 2017 . The Justice Department alleged in a criminal case that Och-Ziff, in pursuit of investment profit, went into business with Mr. Gertler despite a consultant's . Glencore in February purchased Mr. Gertler's stake in Katanga Mining, as well has his stake in another jointly run Congo copper mine, Mutanda Mining,.

Pre:electric grinder suppliers
Next:china clay processing plant cost in india stone crusher machine