The Impact Of The Glencore Group In The Drc
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- Category: Africa
- Created: Tuesday, 08 November 2022 12:45
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GLENCORE has been active in the Democratic Republic of Congo (DRC) since 2008. GLENCORE is present in the Democratic Republic of Congo with two companies, namely : MUTANDA MINING SARL (MUMI) and KAMOTO COPPER COMPANY (KCC) SA. Both are located near Kolwezi, in the Lualaba province, in the southern region. To date, GLENCORE has invested over US$7 billion in the development of MUMI and KCC.
KCC comprises copper and cobalt mines such as the Kamoto underground mine, the KOV open pit mine and integrated metallurgical facilities. The operation has one of the largest copper reserves in the world, with a current mine life of over 25 years. Cobalt is a by-product of copper production. GLENCORE owns 75% of KCC, with the remainder held by the Congolese national mining company GECAMINES. As for MUMI, it consists of the copper and cobalt mines and processing facilities and is wholly owned by GLENCORE. Today, GLENCORE has invested more than $8 billion in the development of MUMI and KCC and employs 14,800 people, including contractors. According to its report on payment to the government for the year 2021, GLENCORE's contribution to the DRC's economy in 2021 is described as follows 856 million in payments in the form of taxes, fees, royalties ... ; 4.3 million in socio-community investments. 293 million in investments in the DRC in 2021 alone According to its report on the payment to the government for the year 2021, GLENCORE's contribution to the DRC economy in 2021 is described as follows 856 million in payments in the form of taxes, fees and royalties ; 4.3 million in socio-community investments. 293 million in investments in the DRC in 2021 alone. GLENCORE has invested $450 million to help rehabilitate two turbines at the INGA dam and other strategic infrastructure projects that will generate 450 megawatts of electricity. GLENCORE is working in partnership with the Congolese government on strategic projects that are essential to the revival of national economic activity. From a salary perspective GLENCORE's lowest paid employees in the DRC have a base salary of US$250; From the perspective of the surrounding communities Education: GLENCORE supports families with school supplies and schools with equipment or by constructing and renovating buildings. NB: In the village of TSHINSENDA, which is next to MUMI, GLENCORE's influence is not felt to a great extent, as GLENCORE has only built a small 5-room building, which took a long time to be completed. Sustainable development As part of its contribution to social and sustainable development, which aims to reduce the dependence of communities on the mining industry, GLENCORE offers training in activities that create GLENCORE offers training in income-generating activities such as sewing, knitting, welding, carpentry, painting or gastronomic skills. GLENCORE supports farmers' associations by contributing fertiliser. Infrastructure: GLENCORE has contributed to the construction of 16.6 km of electricity lines, the Lualaba bridge, roads and the improvement of the runway at Kolwezi airport. Medicine: GLENCORE is involved in the fight against HIV/AIDS by supporting government public health campaigns, voluntary counselling and testing and by initiating various activities to reduce the rate of malaria transmission through awareness campaigns, indoor residual spraying, treatment of sewage systems and control of mosquito larvae as well as distribution of bed nets. Eugene Badibanga