Deal #2009

Location #1

Spatial accuracy level
Exact location
Location
Kolwezi, Katanga, Democratic Republic of the Congo

Latitude
-10.680081430276985
Longitude
25.39056152634943
Target country
Congo, Dem. Rep.

Land area

Intended size (in ha)
4075.0
Size under contract (leased or purchased area, in ha)
4075
Comment on land area
Various operations- totaling 40.757 square kilometers (4075.7 hectares).

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)
Comment on nature of the deal
Term of 20 years from the date of operations. Automatically renewable twice for a period of 10 years each.

Negotiation status

Negotiation status
Concluded (Contract signed)
Comment on negotiation status
JV agreement amended 25/07/2009

Implementation status

Implementation status
In operation (production)
[2015] Startup phase (no production)
Comment on implementation status
Re-establishment of old mining operations. Activities placed on hold in 2015 due to the low cobalt and copper prices. The company is upgrading their processing plant during the shut.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
20

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.

 

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Data source #1

Data source type
Media report
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File
Date
2010-03-31
Comment on data source
A Technical Report on the Material Assets of Katanga Mining Limited Katanga Province, DRC

Data source #5

Data source type
Contract
File

Data source #6

Data source type
Media report
File
Date
2015-09-14
Comment on data source
Mining Technology- Katanga Mining to suspend copper and cobalt processing

Data source #7

Data source type
Media report
File
Date
2017-01-01
Comment on data source
Katanga Mining Is A Potential Turnaround Story

Data source #8

Data source type
Company sources
File
Comment on data source
News Release- No. 3/2017. KATANGA MINING ANNOUNCES 2016 FOURTH QUARTER AND YEAR END FINANCIAL RESULTS

Data source #9

Data source type
Company sources
Publication title
Announcement regarding fatalities of illegal artisanal miners at KCC
Date
2019-06-27

Promised benefits for local communities

Promised benefits for local communities
Health
Education

Detailed crop, animal and mineral information

Resources area
Cobalt, Copper, Gold

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Processing was suspended in Sep 2015 for 18 months.

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. Illegal miners dided on site in June 2019. The company is trying to stop this from happening in the future.

Sept. 26, 2019, 2:38 p.m.

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April 30, 2019, 1:47 p.m.

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Feb. 27, 2017, 4:10 p.m.

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Jan. 9, 2017, 11:02 a.m.

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June 7, 2016, 3:31 p.m.

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May 15, 2013, 2:47 p.m.

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May 15, 2013, 2:46 p.m.

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April 22, 2013, 1:57 p.m.

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Feb. 15, 2013, 5:03 p.m.

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