Glencore DRC land deal extends Kamoto output into 2040s

Glencore Plc, the Swiss commodities group has finalized a land access agreement in the Democratic Republic of Congo (DRC), securing long-term mining rights for its Kamoto Copper Company (KCC) and extending operations into the mid-2040s.

The agreement with state-owned Gécamines unlocks key mining leases and expands tailings storage and waste rock capacity, critical infrastructure required to sustain production at scale.

Production outlook strengthens
With regulatory and land constraints addressed, Glencore is targeting approximately 300,000 tonnes of copper output annually from Kamoto. 

The extension of mine life significantly enhances production visibility and long-term cash flow stability.

For capital-intensive mining operations, longevity directly increases net present value and improves financing flexibility.

Strategic position in global copper market
The DRC remains one of the world’s largest copper producers, supplying metal essential for electric vehicles, renewable energy systems, and grid infrastructure.

By securing expanded rights at Kamoto, Glencore reinforces its exposure to long-term structural demand tied to global decarbonization and electrification trends.

Alignment with Gécamines
While Gécamines retains rights to ore extracted from leased areas, the agreement preserves operational control under Glencore. The structure aligns state participation with production growth without introducing governance uncertainty.

Pending formal lease registration, the deal reduces regulatory friction and improves operating stability in one of the world’s most resource-rich mining jurisdictions.

For investors, the transaction represents more than a land agreement, it strengthens supply certainty, asset valuation, and Glencore’s long-term copper strategy.