Don't Miss It: Hot Deals Firms We Followed This Week. By Chelsea Naso. Law360, New York (February 17, 2017, ... Glencore will pay 922 million for its stake in Mutanda Mining, a highgrade ...

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Mutanda Mining SARL announced production results for the fourth quarter and full year of 2016. For the quarter, the company reported production of copper metal of 51,000 tonnes against 55,100 tonnes a year ago. Production of Cobalt contained was 6,300 tonnes against 5,300 tonnes a year ago.

In February, Glencore cut ties with Gertler in a 960 million deal to acquire his stakes in Katanga and Mutanda Mining. Gertler's company has said it still receives royalties from both projects." October 30. Blue Capital Reinsurance Holdings Ltd said its book value fell 28 per cent during the third quarter. ... 2017. October 27.

Home Career Glencore buys Dan Gertler stakes in 2 Congo mines. Career. Glencore buys Dan Gertler stakes in 2 Congo mines. by venas February 15, 2017. ... Glencore said it now owns of Mutanda and % of Katanga's shares. Katanga trades on the Toronto Stock Exchange.

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, for nearly 1 billion, a move analysts said helped distance the company from Mr. Gertler.

Mutanda said in a statement that it will work with "relevant government agencies, including the emergency services, to provide support to [the victims] and to the local communities." Sulfuric acid is commonly used by mining companies in the process of refining copper ore.

Mutanda Mining's Missing Millions ... Gécamines sold 20% in Mutanda Mining (MUMI) and 25% in Kansuki Mining. Both mining projects had been off the news radar so far, even though MUMI in particular is a very promising project. It's only when Glencore, the world's biggest commodity trader, got listed on the London Stock Exchange that one ...

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Mutanda is a newly developed high grade copper and cobalt producer, with its operations located in the province of Katanga in the DRC. The second phase will enable production expansion up to .

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Lwambiyi Kalenga Corporation SARL (LKC SARL) established in 2006 is a fully incorporated proudly DR Congolese company operating in the Katanga Province, in the Democratic Republic of the Congo. ... MUTANDA MINING SARL ( MUMI SARL) Fleet Contracted : 23 buses (40 to 60 seater buses) Contract Term : November 2013 – present. COMINIERE/MANONO ...

The Mutanda Mine is an openpit copper mine in the Katanga Province of the Democratic 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. Contact Us. Mutanda Mining Sulphuric Acid on the Web.

Mutanda and KCC will vigorously contest the freezing order and any subsequent proceedings. Glencore is assessing the impact of the freezing order on Mutanda and KCC's operations in the DRC, but notes that the freezing orders may materially adversely affect such operations.

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Ventora alleged that Mutanda had breached an agreement with Ventora pursuant to which Mutanda is required to make royalty payments to Ventora. Ventora asserted that if its claim was upheld it would be entitled to damages of approximately 695 million, which it alleged was the value of the future royalties due to it under the agreement.

Mutanda Mining's Missing Millions This is a guest blog written by a diplomat based in the Congo. The Bloomberg News story published here last week could be Congo's treasury scandal of the year.

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Glencore (LSE:GLEN) increased its holding in Fleurette Properties subsidiaries with a US960 acquisition announced yesterday. The multicommodity miner purchased a further 31% stake in Mutanda Mining, bringing its interest to , and an approximate % stake in Katanga Mining.

Glencore Plc, lead by Ivan Glasenberg, agreed to pay the Israeli billionaire Dan Gertler 960 million for his remaining stakes in Congolese cobalt and copper mines. 31% stake in Mutanda Mining and ...

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Sep 25, 2017· 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, for nearly 1 billion, a move analysts said helped distance the company from Mr. Gertler.