Glencore agreement w Gécamines for KCC land access
Summary by AI BETAClose X
Glencore plc
Baar, Switzerland
18 February 2026
Glencore finalises agreement with Gécamines for land access at KCC
Glencore is pleased to announce that it has reached agreement with Gécamines regarding land access for Kamoto Copper Company (KCC).
The agreement unlocks a comprehensive package of long-term mining titles and leases, which is expected to provide the following benefits to KCC and its shareholders:
• Expansion of tailings storage facility and waste rock dump capacities, enabling KCC life of mine extension;
• Ability to maximise recovery of ore reserves within existing KCC exploitation permits, including from KOV and T17 mining areas.
Gécamines maintains the rights to any ore reserves extracted from within the leased land package.
"This agreement will allow us to unlock the full potential of KCC by increasing efficiencies at the mine, facilities and other key infrastructure requirements. It will also help us to achieve our c.300,000 tonne p.a. copper production long-term target and extend KCC's life of mine into the mid-2040s." said Mark Davis, Chief Operating Officer of Glencore Copper Africa Region.
"The agreement aligns with the Glencore Copper Strategy of continuing to offer volume upside and longevity to Glencore's Copper Africa Region," said Jon Evans, Industrial Lead Copper at Glencore.
The closing of the agreement is subject to the registration of the mining titles lease agreements in the mining cadastre, which is expected to occur in the coming months.
For further information please contact:
|
Investors |
|||
|
Martin Fewings |
t: +41 41 709 28 80 |
m: +41 79 737 56 42 |
martin.fewings@glencore.com |
|
Media |
|||
|
Charles Watenphul |
t: +41 41 709 24 62 |
m: +41 79 904 33 20 |
charles.watenphul@glencore.com |
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life
With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
linkedin.com/company/glencore
x.com/glencore
instagram.com/glencoreplc
facebook.com/glencore
youtube.com/glencorevideos
Important Information
This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2025 Preliminary Results Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
Other information
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 12 hours ago Savannah Energy
- 13 hours ago Buccaneer Energy PLC
- 14 hours ago Savannah Energy
- 14 hours ago Carclo
- 14 hours ago Schroder Japan Growth Fund