Katanga Mining Ltd was a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Katanga Mining operated a major mine complex in the Congo's Katanga Province, producing refined copper and cobalt. It claimed to have the "potential of becoming Africa's largest copper producer and the world's largest cobalt producer."[3]
Katanga Mining formed two joint-venture projects with state-owned Gécamines to develop the mining complex: Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).
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 Projectedit
DRC Copper and Cobalt Project (DCP) began mining Tilwezembe, an open-pit copper and cobalt mine, in 2007.[7] In November 2008, Katanga Mining said they had temporarily suspended mining at Tilwezembe and ore processing at the Luilu refinery in Kolwezi due to the depressed price of cobalt.[8]
Kamoto Copper Company (KCC) owns a large mining complex near Kolwezi that includes Kamoto mine, Mashamba East, KTE underground mine, Etang South underground mine, KOV mine, and the T17 mine. Ore from these mines is processed at the Kamoto concentrator and the Luilu metallurgical plant.[9][10][11] As of 2010 the open pit Kananga Mine was also the property of KCC. The mine was not active.[12]
The Dima mines, consisting of Mashamba East, Mashamba West and Dikuluwe mine were originally owned by the state-owned Gécamines before majority rights were sold to Katanga Mining and Nikanor in the early 2000s.[13] Following the merger with Nikanor in 2008, Katanga sold Dikuluwe and Mashamba West to Gécamines for $825 million.[14][13] In February 2017 Glencore purchased nearly all of Gecamines interests in Katanga and the larger Mutanda mine. The smaller Katanga mine is remaining closed during 2015-2017 while new processing facilities are constructed. Prior to 2015 Katanga produced 113,000 tonnes/yr of copper while Mutanda continues to produce over 210,000 tonnes/yr
Incidentsedit
February 2015, an overturned truck spilled 60 cubic metres of sulphuric acid.[15]
In January 2018, a dike broke at Kamoto mine, causing a sodium hydrosulphide spill that damaged crops and killed fish. Four hundred and sixty households were affected. Soil contamination had not been cleaned up later in 2018.[15]
Corruption allegationsedit
The release of the Paradise Papers in 2017 revealed details of the 2008-2009 negotiations between Katanga and the congolese state owned Gécamines. Due to an impasse in negotiations, they called in the businessmen Dan Gertler to act as a mediator. Along with an indirect personal stake in the Katanga project, Gertler had a close personal relationship with the Congolese president's top advisor Augustin Katumba Mwanke, and allegedly passed along millions in bribes on behalf of Och Ziff Capital Management.[16][17]
Canada required a $20 million fine from the company in 2019 due to unclear relationship with the Congolese authorities.[18]
^ ab . Katanga Mining. Archived from the original on 2011-11-10. Retrieved 2011-11-16.
^Reid, Helen; Shabalala, Zandi (2020-04-22). "Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-19 impact". U.S. Retrieved 2022-05-29.
^"Glencore to take Toronto-listed Katanga Mining private at 100% premium". Financial Post. April 22, 2020.
^Tim Henderson (31 March 2010). (PDF). Katanga Mining. Archived from the original (PDF) on 24 April 2012. Retrieved 2011-11-17.
^ abBarry Sergeant (29 Jan 2008). "Katanga Mining's DRC/China copper/cobalt conundrum". MineWeb. Archived from the original on 2013-01-03. Retrieved 2011-11-10.
^Liezel Hill (8 February 2008). "Katanga agrees to sell DRC deposits to govt for $825m". Mining Weekly. Retrieved 2011-11-10.
^ ab"Glencore in the DR Congo: incomplete due diligence" (PDF). Bread for All Lenten Fund. 2018.
^Doherty, Ben (2017-11-05). "The inside story of Glencore's hidden dealings in DRC". the Guardian. Retrieved 2021-12-07.
^Patterson, Scott; O’Brien, Rebecca Davis (2018-07-05). "U.S. Probes Ties Between Glencore, Diamond Merchant Under Sanction". WSJ. Retrieved 2021-12-07.
^Lambert, Fred (15 January 2020). "Tesla is looking to secure controversial cobalt from Glencore to produce batteries". Electrek.
December 14, 2023
katanga, mining, mining, company, operating, democratic, republic, congo, with, headquarters, canada, operated, major, mine, complex, congo, katanga, province, producing, refined, copper, cobalt, claimed, have, potential, becoming, africa, largest, copper, pro. Katanga Mining Ltd was a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada Katanga Mining operated a major mine complex in the Congo s Katanga Province producing refined copper and cobalt It claimed to have the potential of becoming Africa s largest copper producer and the world s largest cobalt producer 3 Katanga Mining LimitedTraded asTSX KATIndustryminingFounded1996 1 DefunctJune 2020Fatemerged into GlencoreNumber of employees6 400 2 Websitewww wbr katangamining wbr comKatanga Mining formed two joint venture projects with state owned Gecamines to develop the mining complex Kamoto Copper Company KCC and DRC Copper and Cobalt Project DCP Contents 1 Assets and ownership 1 1 DRC Copper and Cobalt Project 1 2 Kamoto Copper Company 2 Incidents 3 Corruption allegations 4 ReferencesAssets and ownership editThe 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 edit DRC Copper and Cobalt Project DCP began mining Tilwezembe an open pit copper and cobalt mine in 2007 7 In November 2008 Katanga Mining said they had temporarily suspended mining at Tilwezembe and ore processing at the Luilu refinery in Kolwezi due to the depressed price of cobalt 8 Kamoto Copper Company edit See also Kamoto mine Kamoto Copper Company KCC owns a large mining complex near Kolwezi that includes Kamoto mine Mashamba East KTE underground mine Etang South underground mine KOV mine and the T17 mine Ore from these mines is processed at the Kamoto concentrator and the Luilu metallurgical plant 9 10 11 As of 2010 the open pit Kananga Mine was also the property of KCC The mine was not active 12 The Dima mines consisting of Mashamba East Mashamba West and Dikuluwe mine were originally owned by the state owned Gecamines before majority rights were sold to Katanga Mining and Nikanor in the early 2000s 13 Following the merger with Nikanor in 2008 Katanga sold Dikuluwe and Mashamba West to Gecamines for 825 million 14 13 In February 2017 Glencore purchased nearly all of Gecamines interests in Katanga and the larger Mutanda mine The smaller Katanga mine is remaining closed during 2015 2017 while new processing facilities are constructed Prior to 2015 Katanga produced 113 000 tonnes yr of copper while Mutanda continues to produce over 210 000 tonnes yrIncidents editFebruary 2015 an overturned truck spilled 60 cubic metres of sulphuric acid 15 In January 2018 a dike broke at Kamoto mine causing a sodium hydrosulphide spill that damaged crops and killed fish Four hundred and sixty households were affected Soil contamination had not been cleaned up later in 2018 15 Corruption allegations editThe release of the Paradise Papers in 2017 revealed details of the 2008 2009 negotiations between Katanga and the congolese state owned Gecamines Due to an impasse in negotiations they called in the businessmen Dan Gertler to act as a mediator Along with an indirect personal stake in the Katanga project Gertler had a close personal relationship with the Congolese president s top advisor Augustin Katumba Mwanke and allegedly passed along millions in bribes on behalf of Och Ziff Capital Management 16 17 Canada required a 20 million fine from the company in 2019 due to unclear relationship with the Congolese authorities 18 References edit a b Katanga Mining History Archived 2011 11 10 at the Wayback Machine Glencore Katanga Mining Archived 2011 06 07 at the Wayback Machine a b History Katanga Mining Archived from the original on 2011 11 10 Retrieved 2011 11 16 Reid Helen Shabalala Zandi 2020 04 22 Glencore s Congo unit Katanga Mining to go private warns of possible COVID 19 impact U S Retrieved 2022 05 29 Glencore to take Toronto listed Katanga Mining private at 100 premium Financial Post April 22 2020 Katanga Mining Completes Amalgamation Transaction Cision 2020 06 03 Retrieved 2022 08 04 An Independent Technical Report on the Material Assets of Katanga Mining Limited PDF SRK Consulting 17 March 2009 Archived from the original PDF on 6 May 2012 Retrieved 2011 11 06 Kolwezi Concentrator Update PDF Katanga Mining November 21 2008 Retrieved 2011 11 06 Kamoto Mine Lualaba Democratic Republic of Congo Retrieved 2023 01 16 Katanga Mining Company profile Archived 2012 05 19 at the Wayback Machine https minedocs com 17 Katanga mda 2016 pdf bare URL PDF Tim Henderson 31 March 2010 A Technical Report on the Material Assets of Katanga Mining Limited Katanga Province DRC PDF Katanga Mining Archived from the original PDF on 24 April 2012 Retrieved 2011 11 17 a b Barry Sergeant 29 Jan 2008 Katanga Mining s DRC China copper cobalt conundrum MineWeb Archived from the original on 2013 01 03 Retrieved 2011 11 10 Liezel Hill 8 February 2008 Katanga agrees to sell DRC deposits to govt for 825m Mining Weekly Retrieved 2011 11 10 a b Glencore in the DR Congo incomplete due diligence PDF Bread for All Lenten Fund 2018 Doherty Ben 2017 11 05 The inside story of Glencore s hidden dealings in DRC the Guardian Retrieved 2021 12 07 Patterson Scott O Brien Rebecca Davis 2018 07 05 U S Probes Ties Between Glencore Diamond Merchant Under Sanction WSJ Retrieved 2021 12 07 Lambert Fred 15 January 2020 Tesla is looking to secure controversial cobalt from Glencore to produce batteries Electrek Retrieved from https en wikipedia org w index php title Katanga Mining amp oldid 1184415107, wikipedia, wiki, book, books, library,
