KCC dispute: GÉCAMINES reaches an agreement with KATANGA GROUP, and defines with GLENCORE the foundations for a new win-win partnership

On 12 June 2018, GÉCAMINES (www.Gecamines.cd), together with its subsidiary SOCIÉTÉ IMMOBILIÈRE DU CONGO (“SIMCO”), entered into with KATANGA MINING LIMITED and some of its affiliated companies (the “KATANGA GROUP”) as well as their joint company KAMOTO COPPER COMPANY (“KCC”), a settlement agreement (the “Agreement”). Under the terms of the…

Reaction to the press release published by Katanga Mining on April 22, 2018 concerning the proceedings to dissolve Kamoto Copper Company SA (KCC) initiated by Gécamines

KCC is a joint company held at 25% by the Gécamines Group and at 75% by the Glencore Group

On April 20, 2018, Gécamines (http://Gecamines.cd) summoned Kamoto Copper Company SA (KCC) and its majority shareholders group controlled by Glencore before the Commercial Court of Kolwezi, in order to request from the latter the dissolution of KCC for failure to restore shareholder’s equity within the legal time period. KCC is…

2018: Year of the Acceleration of the Modernization of Générale des Carrières et des Mines (Gécamines SA)

Chairman of Gécamines emphasized, in the name of the Board of Directors, only the reconstruction of a strong national mining actor will be able to transform the wealth of the Congolese soil into wealth for the Congolese people

The 2017 financial year has just ended with the concrete materialization of an awaited commitment: the inauguration, on 22 December 2017, of the modernized registered office of Gécamines (http://Gecamines.cd) in Lubumbashi, in the presence of the highest State authorities and institutions, led by the President of the Republic, His Excellency…