Glencore's Katanga Mining soars on dizzying cobalt rally
Shares in Glencore-owned Katanga Mining Ltd, surged for the second straight day on Tuesday on news it has restarted a copper and cobalt mining operation that will become one of the world's biggest ...
Glencore's Katanga pays $22 million to settle Canada …
Shares of Glencore Plc, which owns 87 percent of Katanga, closed down 1.6 percent at 288.20 pounds in London. It is the worst-performing stock among major miners in London this year, partly ...
Glencore and Katanga reach deal on $5.8bn rights issue
Glencore owns approximately 86.3% of Katanga. It has agreed to swap $5.8bn in debt for equity, which will raise further stake in the firm. As part of the $5.8bn …
Glencore unit Katanga hit with 2 class-action lawsuits
Theme Metals. Rosen Law Firm and Bronstein Gewirtz & Grossman LLC separately filed class-action lawsuits against Glencore Plc unit Katanga Mining Ltd., seeking to recover damages for alleged violations of federal securities laws. The claims were filed on behalf of the purchasers of Katanga securities between Feb. 11, 2016, and Nov. 19 ...
Glencore to take Katanga private, at a premium
Glencore to take Katanga private, at a premium Katanga Mining (TSX: KAT) says it's agreed to Glencore taking it private, with the major offering a …
Glencore takes giant Congo cobalt mine private
Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock …
Glencore strikes deal with Katanga over $5.8 billion rights issue
Thursday's statement said Glencore, which owns approximately 86.3% of Katanga, had agreed to swap $5.8 billion in debt for equity, which will raise its stake …
Glencore purchases stakes in Mutanda and Katanga
The consideration for the Mutanda Shares is US$922 million and the Katanga Shares is US$38 million. Glencore will set-off against the cash consideration …
UPDATE 2-Glencore's Congo unit Katanga Mining to go private …
Shares in Katanga surged 113.3% to hit the offer price by 1518 GMT after the agreement between Glencore and Katanga was announced. The stock listed at 0.265 Canadian dollars in August 1997 and ...
Appleby's room of secrets reveal Glencore's mysteries
The Canadian-headquartered mining company held rights to valuable copper deposits in the DRC, and Glencore, already a Katanga shareholder, was eying the mine with ever greater enthusiasm. By early 2008, with the DRC's contract review looming and with hundreds of millions of dollars in investment at stake, Katanga and its shareholders …
Glencore strikes deal with Katanga over $5.8 billion rights …
Glencore, which owns approximately 86.3% of Katanga, had agreed to swap $5.8 billion in debt for equity, which will raise its stake further in the firm. Glencore strikes deal with Katanga over $5. ...
Glencore's Katanga Mining completes transaction to go private
Glencore PLC's Congo-focused unit, Katanga Mining Ltd., said June 3 that it completed a transaction to go private. Glencore International AG took Katanga private …
Katanga Mining Limited
On June 4, 2020, Katanga Mining Limited (TSX:KAT) became a Glencore group owned company and ceased to be listed on the Toronto Stock Exchange. On June 22nd, 2020, following Ontario Securities Commission's order, the Company ceased to be a reporting issuer. If you wish any information on Glencore's copper operations, please …
OSC approves $30-million settlement with Katanga Mining …
Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission (OSC) for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo (DRC) and its reliance on a controversial billionaire businessman. ... Aristotelis Mistakidis, a Katanga director who was also ran …
Landslide at Glencore Katanga mine in DRC leaves 2 dead, …
Two workers died and five are missing at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo after a pit wall collapsed on Tuesday. The "geotechnical failure ...
Announcement in connection with Katanga Mining Limited
18 December, 2018. Glencore notes the announcement today by Katanga Mining Limited ("Katanga") that Katanga has entered with others into a settlement agreement …
Katanga Mining
Assets and ownership. The company was first listed on the Toronto Stock Exchange in August 1997. [4] In January 2008 Katanga Mining acquired Nikanor plc for $452m. [1] [3] Katanga Mining was purchased by Glencore in 2020 and it was de-listed from the Toronto Stock Exchange. [5] [6] DRC Copper and Cobalt Project
Glencore ups copper, cobalt production forecasts on Katanga …
Diversified miner Glencore has upped its copper and cobalt production forecasts for 2021 and 2022 on the back of strong production at Katanga and the Mutanda mine coming back online, it said Dec. 2. ... Glencore Head of Assets Peter Freyberg said in an investor update presentation call that the Katanga operations in the Democratic …
UPDATE 2-Top Glencore executive quits Katanga board …
Glencore owns 86 percent of Katanga. Katanga's shares, listed on the Toronto Stock Exchange, fell as much as 8 percent in early trade but by midday had recovered to trade flat at C$1.26.
Glencore-Katanga Mining Ltd., Democratic Republic of …
Global Atlas of Environmental Justice. Glencore-Katanga Mining Ltd., Democratic Republic of Congo (DRC) Last update: . The largest worldwide production of Cobalt brings environmental and water pollution, but also child and forced labour, smuggling of materials, fiscal and tax evasion, violence on activists and human …
Glencore's Katanga Mining settles legal dispute with …
JOHANNESBURG - Katanga Mining, a subsidiary of diversified natural resource group Glencore, said it had settled a legal dispute with the Democratic Republic of Congo's Gécamines over joint ...
Katanga gets $635 million to build world's largest cobalt mine
Syrah Resources inks offtake deal with Posco Future M. | February 29, 2024 | 2:27 pm. Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore ...
Glencore appoints new executives to operate Katanga Mining
Glencore International head of African copper Danny Callow has been appointed chief executive officer of Katanga and its head of strategy Paul Smith has been hired as Katanga's chief financial officer. Katanga chairperson Hugh Stoyell said that the management services agreement with Glencore International, which is a subsidiary of …
Glencore's Katanga pays $22 million to settle Canada …
Johnny Blizzard, chief executive officer of the Toronto-listed company, will resign and leave its board, which includes three new directors, the miner said in a filing on Tuesday. Katanga's shares closed up 5.3 percent at 60 Canadian cents, compared with the local stock benchmark's <.GSPTSE> 0.4 percent gain. Katanga stock is down 68 …
Glencore to take Congo subsidiary Katanga Mining private
Katanga shareholders other than Glencore will receive 0.16 Canadian dollars in cash per share - a premium to the closing price on Tuesday, the statement said. (Reporting by Helen Reid ...
BRIEF-Glencore says purchases stakes in Mutanda and Katanga
* Today purchased from subsidiaries of fleurette properties limited, fleurette group's remaining 31 pct stake in Mutanda mining sarl and an approximate 10.25 pct stake in Katanga mining limited
Glencore to take Katanga private, at a premium
Katanga Mining (TSX: KAT) says it's agreed to Glencore taking it private, with the major offering a premium for the small number of shares it doesn't …
OSC settles with Glencore unit Katanga for $30M for …
Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will make a $28.5-million payment, reimburse the commission $1.5 million for costs and submit to an ...
Glencore takes giant Congo cobalt mine private
Shares in Katanga surged 113.3% to hit the offer price by 1518 GMT after the agreement between Glencore and Katanga was announced. The stock listed at 0.265 Canadian dollars in August 1997 and ...
Katanga Mining provides update on KCC recapitalisation
Glencore refers to the announcement by Katanga Mining Limited ("Katanga") in which it announced that Katanga's Democratic Republic of the Congo ("DRC") state-owned joint venture partner, La Générale des Carrières et des Mines ("Gécamines"), in Katanga's 75% DRC operating subsidiary Kamoto Copper Company ("KCC"), has ...
Katanga Mining Announces Rights Offering Backstopped by Glencore …
Katanga Mining Limited. Nov 07, 2019, 07:15 ET. Company to raise an estimated CDN$7.6 billion under discounted rights offering. Glencore to provide full standby commitment. US$5.8 billion in debt ...
Glencore to take Toronto-listed Katanga Mining private at …
JOHANNESBURG — Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading …
Glencore's Katanga Mining unit resumes cobalt exports …
Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC).
Glencore buys up more of Mutanda and Katanga
Glencore announced on Monday that it had purchased from subsidiaries of Fleurette Properties that group's remaining 31% stake in Mutanda Mining, and an approximate 10.25% stake in Katanga Mining.
Workers killed at Glencore's Katanga mine in …
18 March, 2016 Seven workers are confirmed dead at the Katanga mining company's copper and cobalt mine in the Democratic Republic of Congo. Katanga is 75 per cent owned by the Swiss mining giant Glencore. The …
Glencore unit Katanga settles DRC Congo dispute, shares …
Glencore unit Katanga Mining Ltd said on Tuesday it had agreed a recapitalization plan for 75-percent-owned Kamoto Copper Co with Gécamines, its joint venture partner, involving converting $5.6 ...
Glencore to take Katanga private, at a premium
Staff reporter. Glencore owns about 99.5% of Katanga, which is focused on copper and cobalt production in the Democratic Republic of Congo. The major offered C16c per share, double Katanga's April ...
COBALT: Glencore's Katanga mine is the largest producer
Glencore (accounting for 29% of DRC production in 2020, all from the Katanga mine) is the main cobalt producer in the DRC, with interests in the Katanga and Mutanda mines. Katanga is set to become the world's top producer of cobalt, while Mutanda (accounted for almost 20% of global production whilst operational), which was …
Top Glencore executive quits Katanga board after accounting lapse
Glencore owns 86 percent of Katanga. Katanga's shares, listed on the Toronto Stock Exchange, fell as much as 8 percent in early trade but by midday had recovered to trade flat at C$1.26.