# Katanga Mining subsidiary to acquire land rights from Gécamines for up to $250M

Kamoto Copper Company, a 75% subsidiary of Katanga Mining, entered into an agreement with Gécamines to acquire land packages adjacent to KCC's mining concessions in the Democratic Republic of Congo for up to USD 250 million.

- Type: Contract
- Announced: 2019-12-20
- Where: Democratic Republic of Congo, Congo - Kinshasa
- Value: $250.0M
- Status: announced
- Products: copper and cobalt mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Katanga Mining](https://endata.com/companies/44098.md)
- [Kamoto Copper Company](https://endata.com/companies/44099.md) (partner)
- [Gécamines](https://endata.com/companies/44100.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/katanga-enters-into-agreement-to-acquire-land-rights-from-gecamines-820602128.html), 2019-12-20: "Katanga Mining Limited today announces that its 75% subsidiary Kamoto Copper Company has entered into an agreement with La Générale des Carrières et des Mines to acquire from Gécamines a comprehensive land package."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.