DRC lifts planned copper sales to US fivefold to 500,000 tonnes
The DRC raised planned copper sales to the United States to 500,000 tonnes, a fivefold increase on its initial commitment, as Gécamines expands its independent trading operation.
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DRC replaces Gécamines chairman and chief executive
DRC president Felix Tshisekedi replaced the chairman and CEO of state mining company Gécamines, which holds stakes in copper and cobalt operations run by Glencore, CMOC and ERG.
Gécamines wins rights to market half of KCC's copper
Gécamines secured rights to market about half of the copper produced at Glencore's Kamoto Copper Company, extending a trading strategy it has used elsewhere in the DRC.
Glencore, Gécamines strike land deal to grow KCC to 300,000 t/y
Glencore and Gécamines finalised a land-access deal at Kamoto Copper Company that the miner says paves the way to 300,000 tonnes a year of copper output.
Congo sends first copper shipment to US market via Mercuria
The DRC dispatched its first copper shipment to the US under a Gécamines-Mercuria arrangement, marketing metal from the state miner's stake in CMOC's Tenke Fungurume operation.
Companies
CopperGécaminesCongolese state-owned mining company headquartered in Lubumbashi, successor to the colonial-era Union Minière du Haut-Katanga. It sits on some of the world's largest copper and cobalt deposits and holds minority stakes in most of the DRC's major copper-cobalt joint ventures.
CopperKamoto Copper CompanyUnlisted Congolese copper and cobalt producer majority owned by Glencore, with the state miner Gécamines holding the remaining stake. Its Kamoto mine near Musonoi has been described as the world's largest active cobalt mine.