Congo State Firm Strikes Deal to Sell Copper From Glencore Mine
A mining truck drives past an open pit excavation at a copper and cobalt mine in Mutanda, Katanga province, Democratic Republic of Congo.
Photographer: Simon Dawson/BloombergThe Democratic Republic of Congo struck a deal to tender copper from a major Glencore Plc operation in the country, expanding the state miner’s trading of a metal that’s key to the energy transition.
Gecamines has negotiated the rights to market about half of Kamoto Copper Co.’s output for at least the next two years and 30% of production thereafter, according to people familiar with the matter.