# Kamoto Copper Company to acquire land rights from Gecamines

Kamoto Copper Company (KCC), a 75% subsidiary of Katanga Mining, has agreed to acquire a land package adjacent to its mining concessions from Gecamines for up to USD 250 million. The land includes a site for a new tailings facility and other operational areas.

- Type: Acquisition
- Announced: 2020-01-10
- Where: Democratic Republic of the 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) (investor)
- [Kamoto Copper Company](https://endata.com/companies/44099.md) (acquirer)
- [Gécamines](https://endata.com/companies/44100.md) (target)

## Sources

- [miningfrontier.com](https://www.miningfrontier.com/news/katanga-mining-announces-agreement-to-acquire-land-rights-from-gecamines/), 2020-01-10: "KCC will pay up to USD 250 million to acquire the land, the total amount payable being dependent on delivery of title to the various different land areas."

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