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Glencore Cobalt Mine Scrutinized as Congo Reviews Deals

  • Mutanda copper and cobalt permits up for renewal next month
  • Congo presidential commission may seek to ‘rebalance’ deal
The open pits of the Mutanda copper mine in Katanga province, Democratic Republic of Congo.

The open pits of the Mutanda copper mine in Katanga province, Democratic Republic of Congo.

Photographer: Simon Dawson/Bloomberg

Updated on

Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting.

The move to probe Mutanda comes as Congo President Felix Tshisekedi increases his scrutiny of extractive deals made under his predecessor, Joseph Kabila. Congo is examining copper and cobalt projects controlled by China Molybdenum Co. and China Railway Group, while the president’s advisers are also renegotiating the rights to multiple raw material permits and royalty streams controlled by Israeli billionaire Dan Gertler.