Glencore’s Congo Copper Mine Agrees Land Deal to Boost Output

Glencore Plc reached an agreement with the Democratic Republic of Congo’s state mining company over a land package that the commodity giant said will increase production at its Kamoto Copper Co.

KCC will lease “a comprehensive package of long-term mining titles and leases” from state-owned Gecamines, Glencore said in a statement on Wednesday. The deal will allow the subsidiary to expand its tailings storage facility and waste dump capacities, it said.