Mining giant Glencore has reached an agreement with Gécamines regarding land access for Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC)The agreement unlocks a package of long-term mining titles and leases, including expansion of a tailings storage facility and waste rock dump capacities, enabling KCC life of mine extension.“This agreement will allow us to unlock the full potential of KCC by increasing efficiencies at the mine, facilities and other key infrastructure requirements,” said Mark Davis, chief operating officer of Glencore Copper Africa region.“It will also help us to achieve our c.300,000 tonne per annum copper production long-term target and extend KCC’s life of mine into the mid-2040s.”The agreement with Gécamines also allows Glencore the ability to maximise recovery of ore reserves within existing KCC exploitation permits, including from the KOV and T17 mining areas.Gécamines maintains the rights to any ore reserves extracted from within the leased land package.“The agreement aligns with the Glencore Copper Strategy of continuing to offer volume upside and longevity to Glencore’s Copper Africa Region,” said Jon Evans, industrial lead copper at Glencore.Copper is critical for power, construction and the green energy transition with mining companies competing to expand production through organic growth, acquisitions and other deals.The closing of the agreement with Gécamines is subject to the registration of the mining titles lease agreements in the mining cadastre, which is expected to occur in the coming months, a Glencore statement noted.Read more:
Glencore unveils DRC copper access deal
Glencore driving DRC's copper mining growth
