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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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.

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Glencore Increases Stake In Mutanda Mining

Glencore Increases Stake In Mutanda Mining. Indonesias state mining company increases share in grasberg as rio tinto ends decades-old rights agreementrio tinto to sell grasberg stake in us3billion deal indonesias state mining company increases share in grasberg as rio tinto ends decades-old rights glencore to suspend mutanda mine operations following first-half losses.

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Glencore Increases Stake In Mutanda Mining- KNOCK …

Glencore Increases Stake In Mutanda Mining. Ownership 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 stateowned gcamines held the remaining 20 glencore also indirectly owns 375 of kans

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Lencore Increases Stake In Mutanda Mining- EXODUS …

Glencore increases mutanda equity cobalt development instituteof the remaining 145 per cent indirect equity interest in mutanda mining sarl mutanda held by high gradeglencore xstrata is one of the worlds largest global diversified natural resource compan,Lencore Increases Stake In Mutanda Mining.

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glencore increases stake in mutanda mining

Glencore buys stakes in Mutanda Mining and Katanga Mining. Feb 14, 2017· Glencore has purchased the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and an approximate % 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. Get Price

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

Mutanda mine in the DRC (Photo: Glencore) Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.

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DRC says Ok for Glencore to take full control of Mutanda ...

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 ...

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Glencore's Mutanda mine in Congo shuts down a month …

Glencore's Mutanda mine in Democratic Republic of Congo has suspended operations prematurely due to difficulties procuring sulphuric acid, a key input for copper and cobalt extraction, its Mutanda ...

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Glencore Xstrata raises stake in Africa’s ... - MINING.COM

Glencore Xstrata (LON:GLEN) confirmed Thursday it had acquired an additional 14.5% interest in Mutanda, a copper mine in the province of Katanga, Democratic Republic of Congo, raising its indirect ...

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Democratic Republic of the Congo - Glencore

The DRC is home to one of the world’s main copper-mining regions: the African Copperbelt. In the DRC, we have a substantial stake in Katanga Mining and wholly own Mutanda Mining, both located in the DR Congo’s Katanga province.

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Glencore Increases Stake In Mutanda Mining

Glencore Increases Stake In Mutanda Mining. We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment, milling equipment, mineral processing equipment and building materials equipment.

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Glencore Increases Stake In Mutanda Mining

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Glencore faces third Congo legal challenge ... - …

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly ...

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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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Glencore purchases stakes in Mutanda and Katanga

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 buys stakes in Mutanda Mining and Katanga …

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 plc Baar, Switzerland Mutanda Mining Sarl (“Mutanda”)

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 …

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

22-5-2012· Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking …

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Glencore may take full control of Mutanda ... - …

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 ...

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Glencore may take full control of Mutanda ... - …

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 ...

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Glencore faces third Congo legal challenge ... - …

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly ...

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Mutanda Mine - Wikipedia

Glencore also indirectly owns 37.5% of Kansuki, a copper and cobalt development project bordering Mutanda covering 185 square kilometres (71 sq mi). In August 2011 Glencore's CEO said the company planned to combine the two properties and to increase its share to over 50%.

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Glencore Increases Stake In Mutanda Mining

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

22-5-2012· Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking …

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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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Glencore Buys Controlling Mutanda Stake In $480 Million ...

-- Glencore pays $340 million in cash, assumes $140 million in debt via two purchases to boost its Mutanda stake to 60% -- Two purchases mark a significant step towards Glencore's goal to merge... | …

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Glencore buys stakes in Mutanda Mining and Katanga …

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 purchases stakes in Mutanda and Katanga - …

13-2-2017· 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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Glencore Acquires Remaining Stake in Mutanda Copper …

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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