Glencore is considering restarting South African coal growth projects that it shelved when the business fell below 50 million tonnes a year, as improving rail capacity revives the economics.
Congolese tax authorities sealed the offices of Glencore's Kamoto Copper Company in a dispute over payments the state says it is owed, though production was unaffected.
The Glencore-Merafe Chrome Venture will restart its Boshoek and Wonderkop ferrochrome smelters after finalising the detailed terms of a 62c/kWh electricity agreement with Eskom.
South Africa's energy regulator Nersa has approved a concessionary 62c/kWh electricity tariff for ten ferrochrome smelters run by Samancor and Glencore-Merafe, a 75% discount to Eskom's standard rate.
South Africa's energy regulator has approved a concessionary 62c/kWh Eskom tariff for Samancor Chrome and Glencore-Merafe's ferrochrome smelters, aimed at halting further plant shutdowns.
Orion Minerals is advancing a $250m Glencore prepayment and offtake agreement alongside a roughly R180m share placement, completed around 28 May 2026, to fund redevelopment of its Prieska and Okiep copper projects in South Africa's Northern Cape.
Ferrochrome production from the Glencore-Merafe Chrome Venture fell 95% year on year in the first quarter of 2026 to 13,000 tonnes, as the Boshoek and Wonderkop smelters remained idled over electricity costs.
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 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 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.
Glencore signed a non-binding memorandum of understanding on 3 February 2026 with the US-backed Orion Critical Mineral Consortium covering a proposed 40% stake in its Mutanda and Kamoto copper-cobalt mines in the Democratic Republic of Congo.
Glencore unveiled a $14bn-$24bn global copper growth plan that includes higher output targets for its Kamoto Copper Company and Mutanda operations in the DRC.
Glencore began exploring the sale of a majority stake in its Kamoto Copper Company operation in the DRC, holding talks with Orion Resource Partners amid the prolonged cobalt export suspension.
