Glencore set to cut copper output by 400kt and cobalt at Mopani, Katanga

Cathode output at Glencore’s African copper businesses is set to be cut by 400,000 tonnes as a result of operational reviews at Katanga Mining and Mopani Copper Mines, the Switzerland-based miner and trader said on Monday September 7.

“This will include the suspension of production at Katanga and Mopani for 18 months up until the completion of the expansionary and upgrade projects. This includes the whole ore leach at Katanga and the new shafts and concentrator at Mopani,” Glencore said in a statement to investors.

Katanga Mining announced that it has commenced a review amid a challenging environment on Sunday, and on Monday Glencore...

Published

Kiki Kang

September 07, 2015

08:30 GMT

Shanghai