At a glance
Mutanda Mining S.A.R.L (MUMI) is a producer of copper and cobalt based in the Democratic Republic of the Congo, around 40 km east of the town of Kolwezi in the Lualaba Province.
Our operations comprise of three open pit mines that provide all the raw ore that feeds our copper and cobalt production facilities.
In 2017, MUMI became a wholly-owned subsidiary of Glencore, one of the world’s largest diversified natural resource companies. In 2023, Glencore finalised the process of transferring 5 % of its shareholding in MUMI to the DRC government as required by the Mining Law and Regulations. In November 2019, we entered a period of care and maintenance to reassess the potential of our deposits to better plan for the future. In October 2021 we began the phased reopening of our operations, processing ore from existing stockpiles with a view of resuming full mining activity by 2024.
Listen to Christian Rampa Luhembwe, CEO at Mutanda Mining
Glencore purchases an initial stake in the mine.
In February, MUMI begins mining high-grade copper and cobalt ore.
Glencore acquires all outstanding shares in MUMI, becoming its sole owner.
Glencore placed MUMI under ‘care and maintenance’ to reassess the potential of the deposits.
In October, end of ‘care and maintenance’, copper and cobalt production from stockpiles resumes, with the intention to restart mining in 2024.
MUMI secures the renewal of its 3 main mining permits. Glencore is in the processes of transferring 5 % of its shareholding in MUMI to the DRC government as required by the Mining Law and Regulations.
In April, Glencore finalized the processes of transferring 5 % of its shareholding in MUMI to the DRC government as required by the Mining Law and Regulations.