Glencore says it rejected an approach for its DRC operations last year
Kamoto copper-cobalt mine in DRC. Image: Katanga Mining, a Glencore subsidiary
Glencore said on Friday it had rejected an unsolicited approach from an unnamed buyer for its operations in the Democratic Republic of Congo at the end of last year.
“Glencore has not engaged any banks or advisors and is not running a sale process for its operations in the DRC,” a spokesperson said in a statement.
(By Yadarisa Shabong; Editing by Sriraj Kalluvila)
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Comments
Ben
It will be a Chinese company. They will just bribe the DRC to revoke the mining licence and hand it over. It’s exactly what they did to AVZ minerals.