Glencore says Kamoto Copper Company ramping up to full production
2020-09-23 10:36:33 [Print]
Glencore's head of Africa copper on Tuesday said its Democratic Republic of Congo subsidiary Kamoto Copper Company (KCC) is ramping up to full production and should produce 270,000 tonnes of copper as cathode in 2020.
KCC is also expected to produce 25,000 tonnes of cobalt hydroxide, Glencore's Mark Davis said.
In remarks made after a meeting with Congo's prime minister, Mark Davis said Glencore was also continuing to weigh options for a potential restart of its Mutanda Mining operation, which the company shuttered in November due to falling cobalt prices, increased costs and higher taxes.
Glencore holds 75% of KCC through its Congo unit Katanga Mining. Congo's state mining firm Gecamines holds the remaining 25% of KCC.
KCC is also expected to produce 25,000 tonnes of cobalt hydroxide, Glencore's Mark Davis said.
In remarks made after a meeting with Congo's prime minister, Mark Davis said Glencore was also continuing to weigh options for a potential restart of its Mutanda Mining operation, which the company shuttered in November due to falling cobalt prices, increased costs and higher taxes.
Glencore holds 75% of KCC through its Congo unit Katanga Mining. Congo's state mining firm Gecamines holds the remaining 25% of KCC.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' sales to production ratio statistics by province by month
Unit: %
