Glencore (LON:GLEN) counts on Congo for copper recovery as mining-code risk heats up
Glencore’s first-quarter copper jump was almost entirely driven by its two mines in the Democratic Republic of Congo. Kamoto Copper Company and Mutanda delivered 27,400 tonnes out of the company’s 31,700-tonne year-on-year growth, or 86.4%, according to company data. That concentration puts Glencore’s production at risk if there’s a new dispute over mining laws in Kinshasa.