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Title: A look back at the Glencore 2023 annual conference in the DRC: A commitment to responsible mining and sustainable development
Introduction :
Glencore, one of the world’s largest mining and commodities trading companies, recently held its annual conference in the Democratic Republic of Congo (DRC). This high-profile event brought together distinguished guests, such as the Minister of Finance Nicolas Kazadi, the US Ambassador to the DRC Ms. Lucy Tamlyn, and Ms. Nicole Bwatshia, Deputy Chief of Staff of the Congolese Head of State. The central theme of this conference was “Responsible mining and sustainable development”, thus highlighting Glencore’s commitment to the DRC and its sustainable socio-economic development.
Glencore as a responsible partner in the DRC:
During this conference, Marie-Chantal Kaninda, President of Glencore in the DRC, highlighted the company’s achievements in the country during 2022 and 2023. She highlighted the major role of Glencore as an investor responsible, as well as its contribution as one of the largest producers of copper and cobalt in the DRC. Through its entities Kamoto Copper Company (KCC) and Mutanda Mining (MUMI), the company strives to reconcile mining activity with respect for environmental, social and governance (ESG) principles.
Commitment to payment of obligations to the Congolese government:
Marie-Chantal Kaninda also highlighted Glencore’s commitment to meeting its financial obligations to the Congolese government. She reported on payments made by the company for taxes, fees, royalties and other obligations, which amounted to US$1.137 billion according to the latest report published last July. This financial transparency demonstrates Glencore’s desire to contribute to the economic development of the DRC while ensuring the well-being of its human resources.
Responsibility of mining operators and role of stakeholders:
A panel discussion made it possible to address the responsibility of mining operators and the role of stakeholders in the perspective of sustainable development in the DRC. The US Ambassador to the DRC, Ms. Lucy Tamlyn, and Glencore’s General Counsel, Shaun Teichner, exchanged views on these crucial issues. They highlighted the importance of close collaboration between companies, governments and local communities to ensure responsible mining and sustainable development.
Future prospects for the mining sector in the DRC:
In a discussion with BloombergNEF’s Dr. Kwasi Ampofo, Finance Minister Nicolas Kazadi expressed the Congolese government’s call for greater participation of the mining sector in the country’s economic development. This intervention underlines the importance given by the Congolese authorities to a solid and balanced partnership with mining companies, while respecting international standards in terms of human rights, security and the preservation of biodiversity.
Conclusion :
Glencore’s annual conference in the DRC was an opportunity to highlight the company’s commitment to responsible mining and sustainable development. The discussions and debates that took place during this event highlighted the importance of close collaboration between all stakeholders to reconcile mining activities with environmental, social and economic imperatives. Glencore plays a vital role in the Congolese mining sector and continues to work closely with the government and local communities to ensure sustainable socio-economic development of the DRC.
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