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    Mutanda Ya Mukonkota Cobalt Mine Near Kolwezi, Congo

    The Mutanda Ya Mukonkota Cobalt Mine is near Kolwezi, Congo (Kinshasa). The Mutanda Ya Mukonkota Cobalt Mine is a surface mining operation. Site identification and general characteristics.

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    Glencore closure of DRC cobalt mine to cut 20% of global

    The closure of Mutanda will remove about 100,000 mt of copper and 27,000 mt of cobalt- around 20% of global supply- from the market, BMO senior commodities analyst Colin Hamilton said. Glencore's cobalt output has been ramping up while demand remains tepid. Own-sourced cobalt production for H1 2019 was at 21,300 mt, up 28% from H1 2018.

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    Glencore studying "strategic options" over DRC's Mutanda

    Jan 05, 2017 · GLENCORE was "considering its strategic options" in respect of its $1.8bn Mutanda Mining Company, a producer of copper and cobalt that mines in the Katanga province of the Democratic Republic of Congo (DRC). This was after the Swiss-based mining and commodities trading group had received "certain incoming press inquiries in relation to the potential acquisition []

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    Workers fear job losses at Glencore cobalt mine IASWI

    Aug 14, 2019 · Cobalt, a biproduct of copper and nickel, is used in the manufacture of smartphone and electric vehicle batteries. The DRC produces over 60 per cent of the global cobalt. At a meeting with workers, management said Mutanda Mine is not shutting down. Neither is Glencore selling the mine nor leaving the DRC.

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    Cobalt Prices Soar After Glencore Announces Shutdown of

    Aug 26, 2019 · The Mutanda mine, which accounts for around 20% of the world's global cobalt supply, will be closed toward the end of the year and will remain inactive over the next 24 months, after which

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    Mutanda Archives International Mining

    Glencore produced 42,200 t of cobalt in 2018, the majority of which came from its 65%-owned KCC operation and Mutanda. "The agreement guarantees Umicore's security of supply for a substantial part of its longer-term cobalt needs for its expanding global battery materials value chain," the companies said.

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    Glencore to Stop Production at Mutanda Mine in Congo

    Following the completion of the first stages of the review, Glencore said it now expects copper and cobalt production at Katanga in 2019 of 235,000 tons of copper and 14,000 tons of cobalt. Glencore said Mutanda will continue to evaluate its operations and production at the mine will recommence production once economic conditions sufficiently improve.

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    Glencore Takes 20% of Cobalt Off The Market To Arrest

    Mutanda Mine. Glencore is one of the world's largest producers of cobalt amd Maquarie Bank estimates the closure will take off 20% of the world market's cobalt supply and around 0.5% of the copper market. Many bankers have pushed the revolution in electric vehicles as immediate, Tesla being the poster child.

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    BRIEF-Miner Glencore's Mutanda Mine in Congo to be shut

    Aug 07, 2019 · * glencore says mutanda copper and cobalt mine in congo will remain shut for two years, unlikely to come back sooner * glencore ceo says he remains bullish on cobalt

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    Children mining cobalt in Democratic Republic of Congo

    Mar 05, 2018 · A CBS News investigation has found child labor being used in the dangerous mining of cobalt in the Democratic Republic of Congo. The mineral cobalt

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    Cobalt hits headlines as Glencore shuts key mine

    Cobalt hit the headlines Wednesday after Glencore shut a key African facility that mines the rare metal- and blamed prices that have been tumbling from highs seen in recent years on battery demand.

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    Glencore tries to limit fallout from shutting the world's

    Aug 07, 2019 · Glencore is the only one of the world's major publicly traded mining companies with a significant presence in Congo — as well as Mutanda, it operates the

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    Author africanews

    Glencore to supply cobalt to Chinese battery firm for next

    Swiss mining conglomerate Glencore will supply cobalt to Chinese battery manufacturer GEM for the next five years after signing a new deal on 7 October. The Shenzen-based battery firm will buy 61,200 tonnes of cobalt from the miner between 2020 and 2024 in a turnaround from its stance earlier this year when it refused a similar deal due to the

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    Glencore tries to limit fallout from shutting the world's

    Aug 07, 2019 · Glencore Plc hopes mothballing the world's largest cobalt mine in the Democratic Republic of Congo will revive prices, but it's likely to carry a significant political cost. Mutanda, source of

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    Katanga Mutanda; Mining and Dan Gertler, Glencore

    Sep 25, 2017 · Nikanor merged with Katanga a year later, forming one of Congo's largest copper-mining operations. Glencore in February purchased Mr. Gertler's stake in Katanga Mining, as well has his stake in another jointly run Congo copper mine, Mutanda Mining, for nearly $1 billion, a move analysts said helped distance the company from Mr. Gertler.

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    Congo Why the Shutdown of One Cobalt Mine Matters

    Aug 07, 2019 · In 2018, besides about 200,000 metric tons of copper, the mine produced just over 27,000 metric tons of cobalt — around 20 percent of total global production of the strategic metal. Why It Matters Cobalt, a component of lithium-ion batteries, occupies an important place in the nascent global energy transition, and the Democratic Republic of the Congo accounts for most of the world's

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    Cobalt shortfall now much closer thanks to closure of the

    Mutanda is the world's largest cobalt mine with annual production of around 25,000 tonnes, or a fifth of global supply. "This should be enough of a catalyst to see prices rise going forward, and although it is too soon to tell how significantly, it appears from early indications that they have already begun to react," Caspar Rawles, senior analyst at Benchmark Mineral Intelligence, told Stockhead .

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    Glencore said to cut workers at Congo copper, cobalt mine

    Feb 10, 2019 · Mutanda is the world's largest and richest source of cobalt. The mining is considering investing in new methods to extract the metals from sulfide deposits. The company is studying the economic viability of those deposits, given rising production costs and an

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    recruitment mutanda mining

    Running the state mining company in possibly the most mineral-rich country in the Mutanda project, he paid $120m for an identical-size stake to Glencore, . Recruitment Genius Call Centre Debt Collector

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    Workers fear job losses at Glencore cobalt mine IndustriALL

    Aug 14, 2019 · Cobalt, a biproduct of copper and nickel in mining activities, is used in the manufacture of smartphone and electric vehicle batteries. The DRC produces over 60 per cent of the global cobalt. At a meeting with workers, management said Mutanda Mine is not shutting down. Neither is Glencore selling the mine nor leaving the DRC.

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    Mutanda Mine, Kolwezi, Kolwezi mining district, Lualaba

    Mutanda Mine, Kolwezi, Kolwezi mining district, Lualaba, DR Congo An open-pit copper mine operated by Glencore International. Annual production capacity is estimated at 20,000 tonnes of copper metal and 8,000 tonnes of cobalt in cobalt hydroxide, with expansion to

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    The cobalt market prepares for another ride

    Aug 13, 2019 · In fact, just last week Glencore announced it plans to put its massive DRC Mutanda copper-cobalt mine on care and maintenance at the end of 2019, which will take out ~25,000 tonnes or ~20% of global supply from the market. This latest news is positive for cobalt prices which reacted by rising about 8% from their recent lows.

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    Glencore's Katanga Mining to resume cobalt exports

    Apr 16, 2019 · A unit of Glencore Plc, Katanga Mining has resumed work on the cobalt deposits in the Democratic Republic of the Congo (DRC) In November, the firm had announced a pause in operations after it discovered that the uranium level in the cobalt were too high- leading to the suspension of export and sales pending a solution.

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    Senior management Katanga Mining Limited

    Senior management. Blizzard holds a bachelor's degree in Mining Engineering from the Colorado School of Mines and is a Master of Engineering. Mr. Sboros has been Deputy Chief Financial officer of Mopani Copper Mines PLC since 2013. From 2007 until 2013, Mr. Sboros was head of auditing as a Deloitte partner in Mozambique.

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    Mining News Glencore to shutter giant cobalt and copper

    Mutanda produced 27,300 tons of cobalt last year, more than half Glencore's total output, and 199,000 tons of copper. The decision to shutter the mine highlights how quickly cobalt has shifted from a prized asset to a headache. After quadrupling in two years, prices have collapsed to the lowest since 2016 as new supplies pour into the market.

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    BRIEF-Glencore To Halt Production At Mutanda Mine FT

    Aug 06, 2019 · Aug 6 (Reuters) * GLENCORE TO HALT PRODUCTION AT WORLD'S LARGEST COBALT MINE, MUTANDA- FT * GLENCORE TO HALT PRODUCTION AT MUTANDA MINE BECAUSE IT IS "NO LONGER ECONOMICALLY VIABLE"- FT

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    Big questions surround future of mining in DRC_FV TXF News

    Aug 21, 2019 · Mutanda produces about 15%-20% of global supplies and accounted for around 65% of Glencore's total cobalt production in 2018. It is also understood that Glencore has around 10,500 tonnes of unsold cobalt at its Mutanda mine some of which may be

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    Glencore the Mutanda copper and cobalt mine in the

    SMM News mining company Glencore (Glencore) said that the Congo Mutanda copper and cobalt mine will be closed for two years, is unlikely to recover soon. The company's chief executive said he remained bullish on cobalt and that long-term demand for metals would remain strong.

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    Glencore to mothball cobalt and copper mine News The

    The price of cobalt has fallen by more than 40% this year due to an oversupply from the DRC. Production will halt at the Mutanda mine by the end of this year. Last year the mine produced 199,000 t of copper (0.5% of global supply) and 27,300 t of cobalt, according to Bloomberg .

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    Mutanda Mine Landmark & Historical Place Facebook

    Dec 20, 2017 · Mutanda Mine. 120 likes · 1,904 were here. The Mutanda Mine is an open-pit copper mine in the Katanga Province of the Democratic Republic of the Congo.

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