Glencore to cut output at Mutanda Cu-Co Mine in Congo
2019-02-21 09:14:01 [Print]
According to a report on February 19, sources said that Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo.
The output cut is likely to be temporary as the company looks for new methods to mine copper, the report said.
The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda copper and cobalt mine in the Katanga province, the report said, citing people familiar with the matter.
The output cut is likely to be temporary as the company looks for new methods to mine copper, the report said.
The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda copper and cobalt mine in the Katanga province, the report said, citing people familiar with the matter.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' operating rate statistics by province by month
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