Glencore to cut output, jobs at copper, cobalt mine in Congo - WSJ

By Reuters / February 19, 2019 / www.mining.com / Article Link

Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported citing sources on Tuesday.

The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.

The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine in the Katanga province, the report said, citing people familiar with the matter.

Glencore declined to comment to a Reuters request for comment.

(By Arathy S Nair in Bengaluru; Editing by Arun Koyyur)

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok