- The Democratic Republic of Congo mines ministry said it would not oppose a transfer of ownership in the country’s biggest copper and cobalt producer, marking a departure from previous actions to block or tax changes in shareholding structures.
- Glencore (OTCPK:GLCNF, OTCPK:GLNCY) said last week it was considering increasing its 69% stake in the Mutanda Mining project; the rest is owned by Israeli billionaire Dan Gertler.
- In 2015, Mutanda produced 216K metric tons of copper and 16.5K tons of cobalt, more than any other mine in Congo, which is Africa’s biggest producer of the metals.