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Prices for many of the metals Glencore mines remain close to their record highs of 2021, reflecting shortages during protracted COVID-related lockdowns and also the impact of Russia's war in Ukraine.
By 2011, Glencore operated the mine and had a 40% stake through a 50% holding in Samref Congo Sprl, which in turn held 80% of Mutanda, with the state-owned Gécamines holding the other 20%. In 2011, Gécamines sold its shares to Rowny Assets Limited, a company associated with Israeli billionaire Dan Gertler . [ 9 ]
Glencore plc is a Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland.Glencore's oil and gas headquarters are in London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 by market capitalization.
Ivanhoe Mines owns 68% of Kipushi Mine, while state-owned Gécamines owns 32%. [10] The zinc mine is located near the city of Kipushi in the DRC's Haut-Katanga province. Kipushi has an estimated 10.2 million tonnes of measured and indicated Mineral Resources grading 34.9% zinc. [11] The Platreef Project, a platinum mine in Limpopo province ...
LONDON (Reuters) -Miner and trader Glencore lowered its 2022 production guidance on copper, zinc and cobalt after operational challenges and COVID-related absenteeism in the first quarter drove ...
The number of artisanal miners killed by a landslide at a copper and cobalt mine run by Glencore in southeast Congo rose to 43 on Friday and could climb further as the search for missing workers ...
Steelpoort is a mining town on the R555 road in Sekhukhune District Municipality in the Limpopo province of South Africa.It is located on the border with Mpumalanga province. [2]
An April 2012 BBC Panorama investigation filmed conditions at the mine, finding some workers there as young as 10. [9] [8] [2] In response to the allegations, Glencore denied any association with the operations on their property, claiming that they make efforts to avoid processing material sourced from artisanal mining. [10]