Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-19 impact

JOHANNESBURG/LONDON (Reuters) - Glencore is taking its Toronto-listed Congo business Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move.Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares.Its de-listing comes as depressed copper and cobalt prices due..