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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