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Glencore To Take Congo Unit Katanga Mining Private

Apr 22, 2020· Glencore is taking its Toronto-listed Congo business Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in …

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Glencore's Congo Unit Katanga Mining To Go Private …

Apr 22, 2020· Glencore is taking its Toronto-listed Congo business Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in …

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Glencore's Congo Unit Katanga Mining To Go Private …

Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-19 impact Katanga shareholders other than Glencore, including Blackrock and nine other minority holders, will receive 0 ...

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Glencore To Take Katanga Mining Private

Multinational commodities trader and miner Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo …

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Copper Cobalt: Glencore To Take Congo Subsidiary Katanga ...

On 22 April, it was confirmed that Katanga Mining Limited (KML) had entered into a definitive agreement with Glencore International pursuant to which it would be taken private by way of an amalgamation of the company with a wholly-owned subsidiary.. Roskill View. KML cited a number of key motivations including the lack of a meaningful public float, limited trading liquidity, the costs of a ...

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Glencore To Take Katanga Mining Private

Multinational commodities trader and miner Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo (DRC), announced on Wednesday. Glencore International (GIAG) will take Katanga private by way of an amalgamation of the company with 836074 Yukon.

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Glencore’S Congo Unit Katanga Mining To Go Private …

Apr 22, 2020· * Glencore to take Katanga Mining unit private * Katanga cites costs of listing, commodity price risks * Katanga warns of impact if COVID-19 disrupts operations * Copper production up, cobalt production down in Q1 from Q4 (Adds details, guidance on COVID-19 impact, cash position) By Helen Reid and Zandi Shabalala

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Glencore Takes Giant Congo Cobalt Mine Private …

Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares. Its de-listing comes as depressed copper and cobalt prices due to the covid-19 pandemic put added pressure on miners also struggling with disruption to ...

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Glencore De

Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares.

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Glencore Says Kamoto Copper Company Ramping Up To Full ...

Glencore holds 75% of KCC through its Congo unit Katanga Mining, which the Switzerland-based firm took private and delisted from the Toronto stock exchange in April. Congo’s state mining firm ...

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Glencore To Take Katanga Mining Private At 100% Premium ...

Apr 22, 2020· Glencore (OTCPK:GLNCY +2.2%) will take private its Congo unit Katanga Mining by way of an amalgamation company, the subsidiary says.Katanga (OTCPK:KATFF +96.2%) says shareholders other than ...

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Glencore To Take Congo Subsidiary Katanga Mining Private ...

Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday. "Katanga Mining Limited... has entered into a definitive agreement with Glencore International pursuant to which the company would be taken private by way of an amalgamation of the company with 836074 Yukon Inc.," Katanga said in a statement.

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Glencore Purchases Stakes In Mutanda And Katanga

In purchasing the Katanga Shares, Glencore has relied on the “private agreement exemption” contained in section 4.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids (“NI 62-104”) on the basis that (i) the purchase was not made from more than five persons in the aggregate, (ii) the offer to purchase was not made generally ...

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Glencore Says Kamoto Copper Company Ramping Up To Full ...

Sep 22, 2020· Congo's government this month pledged to reimburse value-added tax payments it owes mining companies, a win for the industry which says it is owed a total of more than $1 billion in reimbursements. Glencore holds 75% of KCC through its Congo unit Katanga Mining, which the Switzerland-based firm took private and delisted from the Toronto stock ...

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Glencore's Congo Unit Katanga Mining To Go Private Warns ...

4 Min Read JOHANNESBURG/LONDON (Reuters) - Glencore is taking its Toronto-listed Congo business Katanga Mining private, the subsidiary said on …

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Glencore To Take Congo Subsidiary Katanga Mining Private ...

Apr 22, 2020· JOHANNESBURG, April 22 (Reuters) - Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday. “Katanga Mining Limited... has …

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Glencore To Take Congo Subsidiary Katanga Mining Private ...

Apr 22, 2020· Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and …

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Glencore To Take Congo Unit Katanga Mining Private Warns ...

Apr 22, 2020· Glencore to take Congo unit Katanga Mining private, warns of pandemic fallouts. Glencore Plc., the British commodity trading and mining company headquartered in Baar, Switzerland, was taking its Toronto-listed Congo wing Katanga Mining private, the Glencore Plc. subsidiary said in a statement earlier on Wednesday, the 22nd of April 2020, while Glencore Plc.’s Congo subsidiary …

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Glencore's Congo Unit Katanga Mining To Go Private Warns ...

Apr 22, 2020· Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares. Its de-listing comes as depressed copper and cobalt prices due to the COVID-19 pandemic put added pressure on miners also struggling with disruption to logistics chains linking remote mines to …

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Glencore's Congo Unit Katanga Mining To Go Private Warns ...

Apr 22, 2020· Glencore is taking its Toronto-listed Congo business Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and …

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Glencore To Take Toronto

Apr 22, 2020· Article content. JOHANNESBURG — Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the decision. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in …

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