Glencore extended Kamoto Copper's operations to 2040 with a new Congo land deal, aiming for 300,000 tons of copper annually by 2028.

Glencore has secured long-term land access from Congo’s Gécamines for its Kamoto Copper Co., enabling mine expansion and extending operations into the 2040s. The agreement allows increased tailings and waste rock storage, supports a target of 300,000 tons of annual copper production by 2028, and includes plans to sell a 40% stake in KCC and Mutanda to a consortium backed by U.S. and Abu Dhabi interests. Gécamines retains ownership of extracted ore. The deal is pending formal registration. Glencore reported improved 2025 results, with revenue up 7% and earnings per share turning positive, despite a 6% drop in adjusted EBITDA.