Glencore to nominate new CEO for Katanga Mining

Swiss trade house Glencore will nominate a new chief executive officer for Katanga Mining after current CEO and president Arthur Ditto announced his resignation “for personal reasons”, the company said.

Ditto, who steered the company to its current position, where it controls one of the largest copper-cobalt concessions in the Democratic Republic of Congo, will retire effective July 10 but has offered to stay beyond that date to ensure an orderly transition.

Glencore owns a direct stake in Katanga, has an off-take agreement for production from the Kamoto property and played a key role in Katanga’s take-over of Nikanor. The company has already identified a prospective candidate to replace Ditto, Katanga said.

Source from Metals Insider