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latest news on mopani copper mines

Zambia : Mopani Copper mine PLC poised to record

22/09/2021 Mines Minister Paul Kabuswe has announced that Mopani Copper mine is poised to record a 52 million US Dollar profit at the end of the 2021 financial year. And Mr Kabuswe says government will soon

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Govt take-over of Mopani will revive mine operations

09/09/2020 THE Mine Workers’ Union of Zambia (MUZ) says government’s intention to buy 90 per cent shares in Mopani Copper Mines from Glencore will redeem the mine’s operations. In an interview, MUZ president Joseph Chewe hailed government’s recent announcement of its intention to acquire Glencore’s 90 per cent shareholding in Mopani, saying the move will help resuscitate the mining company

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Zambia plans to revoke licenses of Mopani Copper Mines

16/04/2020 Zambia intends to revoke the mining licenses of Mopani Copper Mines (MCM), a subsidiary of Glencore, as the firm did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. Mopani allegedly did not give sufficient notice to the government before the mines were kept on care and maintenance.

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Mopani Copper Mines Plc ZCCM Investments

16/12/2019 Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH. In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM) comprising underground mines, a concentrator, a smelter and a refinery at Mufulira mine site and underground mines, open pits, a concentrator and a cobalt plant at Nkana mine site in Kitwe

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Glencore's Mopani Copper to restart mining as Zambia

03/05/2020 MOPANI Copper Mines is to restart mining, and provide a 90-day notice period of its intention to place the operations on care and maintenance, the company said in a statement today. During this notice period, it would discuss “potential solutions to its current challenges” following “constructive discussions” with the Zambian government, the company said. Mopani []

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Glencore agrees $1.5bn sale of Mopani to Zambian

19/01/2021 Mopani Copper Mines operates underground mines, a concentrator, a smelter, and a refiner at its Mufulira mine site, as well as open pit mines, a concentrator, and a cobalt plant at its Nkana mine site. In 2018, Mopani Copper Mines produced a total of 59,302 tonnes of copper from Mopani sources and a further 60,188 tonnes from third-party concentrates. Related Companies. Cisco Ultra

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Zambia : Mopani Copper mine PLC poised to record US$ 52

22/09/2021 Mines Minister Paul Kabuswe has announced that Mopani Copper mine is poised to record a 52 million US Dollar profit at the end of the 2021 financial year. And Mr Kabuswe says government will soon

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PF TOASTS MOPANI PROFIT RECORD Kwacha News

24/09/2021 24/09/2021 MOPANI Copper Mines (MCM) projection to record a decade high profit of US$57 million this year from a US$40 million loss will vindicate the Patriotic Front (PF) and former republican President Edgar Lungu’s decision to repossess the mine from Glencore PLC and give it to the Zambians, the PF has said. In a presentation to a government team led by Mines Minister Paul

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Govt take-over of Mopani will revive mine operations MUZ

09/09/2020 THE Mine Workers’ Union of Zambia (MUZ) says government’s intention to buy 90 per cent shares in Mopani Copper Mines from Glencore will redeem the mine’s operations. In an interview, MUZ president Joseph Chewe hailed government’s recent announcement of its intention to acquire Glencore’s 90 per cent shareholding in Mopani, saying the move will help resuscitate the mining company

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Minister of Mines need to exercise maturity and desist

25/09/2021 25/09/2021 However if the new UPND administration in particular and the nation at large is going to make progress regarding these issues so as to reach an amicable way forward, there is need for Government officials such as the Minister of Mines to exercise maturity and desist from being confrontational and seeking to apportion blame. The Minister should also desist from carrying the

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Zambia : Taking Over of Mopani Copper Mine By ZCCM-IH: Is

27/01/2021 By Webby Banda. On 19th January 2021, Minister of Mines Richard Musukwa announced the Government’s strategic step to own 100 percent shares in

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Glencore's Mopani Copper to restart mining as Zambia opens

03/05/2020 MOPANI Copper Mines is to restart mining, and provide a 90-day notice period of its intention to place the operations on care and maintenance, the company said in a statement today. During this notice period, it would discuss “potential solutions to its current challenges” following “constructive discussions” with the Zambian government, the company said. Mopani []

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Mopani Copper Mines Plc ZCCM Investments Holdings Plc

16/12/2019 Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH. In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM) comprising underground mines, a concentrator, a smelter and a refinery at Mufulira mine site and underground mines, open pits, a concentrator and a cobalt plant at Nkana mine site in Kitwe

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Glencore seeking "way forward" with Zambia over suspension

14/04/2020 GLENCORE was in discussions with the Zambian government regarding plans to place the firm’s Mopani Copper Mines on care and maintenance. “Following Mopani’s recent announcement regarding the transition of its mining operations to care and maintenance, Glencore is currently in discussions on the way forward with the Government of Zambia,” it said.

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Zambia plans to revoke licenses of Mopani Copper Mines

16/04/2020 Zambia intends to revoke the mining licenses of Mopani Copper Mines (MCM), a subsidiary of Glencore, as the firm did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. Mopani allegedly did not give sufficient notice to the government before the mines were kept on care and maintenance.

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NewsNow: Mining in Zambia news Breaking News & Search 24/7

Latest News . Earlier today. I expect President Hichilema revoke all mining licenses issued in national parks and other LusakaTimes 06:34. In the last 7 days. China’s trade with Africa is not helping the continent in value addition, not even South Africa LusakaTimes 07:50 11-Sep-21. Zambian President says new government will implement policies to Voice of Nigeria 17:44 10

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Mopani Copper mine PLC poised to record US$ 52 million

22/09/2021 all news. Mopani Copper mine PLC poised to record US$ 52 million this year-Mines Minister Paul Kabuswe . 22-09-2021 19:57. 3 The Minister however, said the new dawn government will let management operate professionally without ‘ And Mopani Copper Mine Chief Executive Officer ( CEO ) Charles Sakanya says the company has continued to run on a positive trajectory since the

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Glencore seals the deal on Mopnai sale Mining News

20/01/2021 Glencore’s subsidiary Carlisa Investments has signed an agreement to conclude the sale of Mopani Copper Mines in Zambia to ZCCM Investments Holdings for US$1.5 billion.. Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM to transfer its 90% interest in Mopani to ZCCM.

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Mopani Copper Mines ZCCM Investments Holdings Plc

03/06/2021 Shareholders are referred to the cautionary announcements released on the Stock Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LUSE”) on the 9th of March 2021 and the announcements by ZCCM-IH released on SENS on 21st December 2020, 8th January 2021 and 20 th January 2021 regarding the acquisition of the 90% stake not currently held by ZCCM-IH in Mopani Copper Mines

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Zambia could win its bid to buy the Mopani Copper Mine

17/11/2020 - Glencore has been locked in a bitter dispute with the other owners of the mine its plan to mothball Mopani’s operations. However, lots of questions remain as it remains unclear how the cash-strapped government, which last week defaulted on a Eurobond interest payment, would finance any deal. (Zambia state-owned ZCCM Investments Holdings is trying to acquire. ZCCM-IH currently has

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Glencore to offload Mopani Copper Mines to ZCCM, agrees

19/01/2021 GLENCORE is to ‘sell’ its 90% stake in Mopani Copper Mines to the Zambian government in terms of which it will offload $1.5bn in debt held within Mopani Copper’s structure as well as own exclusive rights to copper offtake from the mine until the debt is repaid.. The Swiss mining and trading group announced today a nominal $1 deal for Mopani Copper provided Zambia Consolidated Copper

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Glencore Seals Zambia Copper Sale But Must Wait for the

19/01/2021 Glencore Plc has agreed to sell its stake in Mopani Copper Mines Plc to the Zambian government for $1.5 billion, but will get just $1 upfront.. Glencore has been in talks with the state about

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Zambia : Taking Over of Mopani Copper Mine By ZCCM-IH: Is

27/01/2021 By Webby Banda. On 19th January 2021, Minister of Mines Richard Musukwa announced the Government’s strategic step to own 100 percent shares in Mopani Copper Mine through the state mining

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Zambia expects to find new Mopani investor by Mining

20/01/2021 Image from Glencore. Zambia’s mining investment arm ZCCM-IH expects to find a new investor for Mopani copper mines by the end of the year,

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Glencore in discussions for outright sale of Mopani stake

30/08/2020 August 30, 2020. copper cathode. GLENCORE may sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government, said Reuters citing two sources with direct knowledge of the matter. “As of now, we are discussing a potential sale of their stake in Mopani,” said one of the sources. A Glencore spokesman declined to comment.

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Racism continues running Mopani Copper mine Zambian

23/12/2019 Zambia News; Editor’s Choice; Letters to Editor ; About; Advertise; Racism continues running Mopani Copper mine. 23 December 2019 08:14 Information has emerged that Mopani Copper Mines has been taken over by an indiscriminate tandem of racist foreign nationals forcing some senior managers to leave. From the time Danny Carlow officially resigned from Glencore, an unexplainable

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