Wrap Text
Glencore finalises agreement with Gécamines for land access at KCC
Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
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
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www.glencore.com
Notes for Editors
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Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 18-02-2026 09:00:00
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