Edition:
India

Miner Glencore's Mutanda Mine in Congo to be shut for two years


Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Glencore PLC ::GLENCORE SAYS MUTANDA COPPER AND COBALT MINE IN CONGO WILL REMAIN SHUT FOR TWO YEARS, UNLIKELY TO COME BACK SOONER.GLENCORE CEO SAYS HE REMAINS BULLISH ON COBALT, METAL WILL BE IN STRONG DEMAND LONG-TERM.GLENCORE CEO SAYS STILL DISPUTING THE EXISTING MINING CODE IN THE DRC.GLENCORE SAYS SAFETY PERFORMANCE NEEDS TO BE ADDRESSED VERY QUICKLY.GLENCORE SAYS WHILST IN CARE AND MAINTENANCE, MUTANDA MINE WILL MAINTAIN NATIONAL WORKFORCE.GLENCORE CEO SAYS IN DISCUSSIONS WITH NEW DRC GOVERNMENT ON MINING CODE, CURRENT VERSION NOT ACCEPTABLE TO US.