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Katanga Mining Limited entered into a definitive agreement with Glencore International AG to be taken private via amalgamation. Shareholders other than Glencore will receive C$0.16 per share, representing a 100% premium to the closing price on April 21, 2020.
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.
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.