Democratic Republic of the Congo (DRC) miner Gecamines' push to dissolve Katanga Mining Ltd subsidiary Kamoto Copper Company (KCC) has been delayed according to a release from Katanga on Tuesday May 8.
Glencore-owned Katanga received a decision from the DRC Supreme Court allowing KCC to challenge the competency of the Kolwezi Commercial Court to rule on litigation regarding the dissolution of KCC because of a failure to rectify a capital deficiency dating back to 2014. The commercial court then concluded on May 8 that the proceeding should be suspended until after the supreme court...