Deal history comparison #2009

Previous version (123862)

Selected version (124608)

Location #1

Spatial accuracy level
Administrative region
Location
Katanga, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
Katanga

Location #1

Spatial accuracy level
Administrative region
Location
Katanga, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
Katanga

Intention of investment

Intention of investment
Mining
Comment on intention of investment
copper, cobalt

Negotiation status

Negotiation status
[2009] Concluded (Oral Agreement)

Intention of investment

Intention of investment
Mining
Comment on intention of investment
copper, cobalt

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
[2008] In operation (production)
Comment on implementation status
Re-establishment of old mining operations

Operating company

Operating company

Comment on investment chain
Katanga, through its 75% owned subsidiary Kamoto Copper Company SARL (“KCC”), is engaged in copper and cobalt mining and related activities in the Democratic Republic of Congo (“DRC”). Katanga's ultimate parent company is Glencore Xstrata plc (“Glencore Xstrata”) which owns 75. 3% of Katanga's shares through Jangleglade Limited and another Glencore Xstrata subsidiary

Data source #1

Data source type
Media report
File

Data source #1

Data source type
Media report
File

Data source #2

Data source type
Company sources
File

Promised benefits for local communities

Promised benefits for local communities
Health
Education

Promised benefits for local communities

Promised benefits for local communities
Health
Education

Detailed crop, animal and mineral information

Resources area
Copper, Gold

Detailed crop, animal and mineral information

Resources area
Copper, Gold

Overall comment

Overall comment
Many mining companies active in Katanga region of DRC. None seem to have Chinese interests. Still to be investigated further when looking into mining activities in general.

Overall comment

Overall comment
Many mining companies active in Katanga region of DRC. None seem to have Chinese interests, unless the Chinese have an influence in Gecamines.