REG - Glencore PLC - Glencore agreement w Gécamines for KCC land access

GlencoreAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260218:nRSR3452Ta&default-theme=true

RNS Number : 3452T  Glencore PLC  18 February 2026

 

 

Glencore plc

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

 

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource
companies and a major producer and marketer of more than 60 commodities.
Through a network of assets, customers and suppliers that spans the globe, we
produce, process, recycle, source, market and distribute the commodities that
advance everyday life

 

With over 140,000 employees and contractors and a strong footprint in over 30
countries in both established and emerging regions for natural resources, our
marketing and industrial activities are supported by a global network of
offices.

 

Glencore's customers are industrial consumers, such as those in the
automotive, steel, power generation, battery manufacturing and oil sectors. We
also provide financing, logistics and other services to producers and
consumers of commodities.

 

 

linkedin.com/company/glencore

x.com/glencore

instagram.com/glencoreplc

facebook.com/glencore

youtube.com/glencorevideos

 

Important Information

This material does not purport to contain all of the information you may wish
to consider. For further important information, including in connection with
forward-looking statements and other cautionary information, refer to the
Important notice section of Glencore's 2025 Preliminary Results Report, which
is available at glencore.com/publications. This document does not constitute
or form part of any offer or invitation to sell or issue, or any solicitation
of any offer to purchase or subscribe for any securities.

 

Other information
The companies in which Glencore plc directly and indirectly has an interest
are separate and distinct legal entities. In this document, "Glencore",
"Glencore group" and "Group" are used for convenience only where references
are made to Glencore plc and its subsidiaries in general. These collective
expressions are used for ease of reference only and do not imply any other
relationship between the companies. Likewise, the words "we", "us" and "our"
are also used to refer collectively to members of the Group or to those who
work for them. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRAKOBPCBKKDBD



            Copyright 2019 Regulatory News Service, all rights reserved