05/13/2021 | Press release | Distributed by Public on 05/13/2021 09:56
Glencore today announces that the President of the Democratic Republic of the Congo (DRC), His Excellency Felix Tshisekedi visited the operations of Kamoto Copper Company (KCC) in Kolwezi, DRC. KCC is a joint venture between Glencore and Gécamines.
President Tshisekedi was joined by the Prime Minister, Sama Lukonde, the Minister of Mines, Antoinette N'Samba, the Deputy Governor of Lualaba Province, Fifi Masuka, Albert Yuma, Chairman of Gécamines and other Senior Officials. Ivan Glasenberg, CEO of Glencore and senior representatives from Glencore's management team along with Daniel Freihofer - Deputy Chief of Mission of the Embassy of Switzerland in the DRC completed the delegation.
KCC represents a key part of Glencore's almost $USD 8 billion investment in the DRC. Its state-of-the-art infrastructure alongside a world-class copper/cobalt ore body makes the operation a key part of the global energy and mobility transitions. Following its successful ramp-up in 2020, KCC is on track to achieve annualised nameplate capacity of 300ktpa of copper and 30ktpa of cobalt production. We are proud that the operation conforms to the Responsible Minerals Assurance Process (RMAP) standard for cobalt as defined by the Responsible Minerals Initiative (RMI).
Ivan Glasenberg, CEO of Glencore, commented:
'We are honoured that President Tshisekedi and senior members of his government have recognised our ongoing commitment to and investment in the DRC by visiting KCC. Glencore looks forward, together with our JV partner, Gécamines, to continuing to build on the long-standing local and national partnerships that have been the foundation of our investment in the DRC.
'The DRC has a critical role to play in the ongoing energy and mobility transitions. Glencore remains committed to ensuring its KCC and Mutanda operations play their part through the responsible supply of copper and cobalt for use by customers around the world.'
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Notes for Editors
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 135,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, 'Glencore', 'Glencore group' and 'Group' are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words 'we', 'us' and 'our' are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.