Congo tax authorities seal Glencore's Kamoto Copper offices
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.
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.
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 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.