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Thursday 04 July 2019 3:25 pm

Congo starts evicting up to 2,000 illegal miners from Glencore site where dozens died

By: August Graham

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The Glencore logo is seen on March 3, 2010 at the Swiss commodities giant's headquarters in Baar. Glencore posted on Thursday a 40.7 percent jump in 2010 net profit to $3.8 billion (2.7 billion euros), reflecting strong demand for metals and minerals. The group, which held $79.8 billion worth of assets at the end of 2010, did not divulge any information about plans for any stock market listing. Recent press reports have suggested the company was planning a share listing in both London and Hong Kong exchanges, with a quarter of Glencore said to be worth $12 billion. AFP PHOTO / SEBASTIAN DERUNGS (Photo credit should read SEBASTIAN DERUNGS/AFP/Getty Images)

The Congolese army has started evicting miners from a Glencore site after a landslide which killed dozens.

Illegal miners were being dispersed from the area around the copper and cobalt mine run by a Glencore subsidiary today.

Read more: Glencore head of oil Alex Beard retires amid US investigations

The company London-listed miner confirmed that forces from the Democratic Republic of Congo were close to the Kamoto Copper Company.

Glencore has told the army that it expects restraint and respect for human rights, it said. Activists have said they are worried the evictions could lead to violent clashes.

After a landslide killed 43 last week, the government promised to crack down on illegal miners. Shares dropped seven per cent after the accident.

The miners defied an army-imposed deadline to leave the site earlier in the week.

Glencore has said it estimates that around 2,000 illegal miners enter the site every day.

Meanwhile a total of 170,000 informal miners are estimated to work in Lualaba province alone. They use basic tools to dig underground, causing many accidents.

Read more: Acid spill near Glencore mine kills 20

The mining sector has been under increasing scrutiny ever since January when a Brazilian waste dam burst, likely killing over 300 people.

Vale, whose mine caused the chaos, is being investigated by authorities in the country. Meanwhile international bodies have called for better safety standards in dams used to store mining waste.

Read more

Glencore targets secondary listing in Australia as London loses mining shine

Glencore corporate headquarters building exterior with the company logo sign, representing the commodities firm.

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