Glencore consolidates DRC copper asset ownership

Global diversified miner Glencore has increased its holding in copper assets in the Democratic Republic of Congo (DRC) after buying a 31% interest in Mutanda Mining from billionaire mining tycoon Dan Gertler’s Fleurette Group and a 10.25% stake in Katanga Mining. Glencore paid Fleurette $922-million for the Mutanda shares and $38-million for the Katanga shares.