Mopani Copper Mines Plc was originally part of Zambia Consolidated Copper Mines Limited (ZCCM), and was state-owned until its privatisation in 2000. On 1 April 2000, Mopani purchased the ZCCM assets at Mufulira and Nkana, consisting of the underground mine, concentrator, smelter, refinery and cobalt plant, from the government. Following privatisation the Zambian Government retained a stake in the mining industry through ZCCM
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.
25/08/2020· “ZCCM-IH, a shareholder in Mopani Copper Mines Plc, has submitted an expression of interest to acquire additional shares in Mopani,” he said.
25/08/2020· ZCCM-IH holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%. ZCCM-IH submitted an expression of interest to acquire additional shares in Mopani and Glencore responded favourably, Mines Minister Richard Musukwa told a media briefing on Tuesday.
LUSAKA/JOHANNESBURG (Reuters) Zambia’s mining investment arm ZCCM-IH is seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, Zambia’s mines minister said on Tuesday, after a
21/04/2020· The announcement could help diffuse a dispute that had rapidly deteriorated after Glencore said it would halt output at Mopani due to falling copper ps and the coronavirus pandemic. The
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.
20/04/2020· Zambia says it persuaded Glencore Plc to reverse what the southern Africa country had called an illegal decision to close its copper mines there. At least for now.
Zambia's mining investment arm ZCCM-IH is seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, Zambia's mines minister said on Tuesday, after a disagreement over Glencore's plan
ZCCM-IH holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%. ZCCM-IH submitted an expression of interest to acquire additional shares in Mopani and Glencore responded favourably, Mines Minister Richard Musukwa told a media briefing on Tuesday.
Lusaka Zambia: JOHANNESBURG/LONDON — Glencore will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH
08/04/2020· A copper mine in Zambia is set to shut down on Wednesday due to disruption brought on by the coronavirus pandemic, reports Reuters news agency. According to reuters, global mining company Glencore’s Zambian unit Mopani Copper Mines (MCM) made the announcement in a statement.
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
The PF government last evening detained Mopani Copper Mine CEO as he tried to leave the country . Glencore said Nathan Bullock, the chief executive of Mopani Copper Mines, had been held at Lusaka airport in connection with its decision to shutter the business for three months. “Nathan has subsequently been released,” Glencore said in a statement, adding that Mr Bullock had been on his way
Lusaka Zambia: Mopani says it will go ahead and place its Nkaka and Mufulira mines on care and maintenance with effect from today. In a statement released late Tuesday
26/08/2020· (Bloomberg) -- Zambia’s state-owned mining investment company is seeking to buy a controlling stake in Glencore Plc’s local copper unit to keep the operations running and protect jobs, Mines
Mopani Copper Mines Plc is a Zambian registered copper mining company owned by Carlisa Investments Corporation (90%) and ZCCM-IH (10%). Carlisa Investments Corporation is jointly owned by Glencore Plc (81%) and First Quantum Minerals Ltd (19%). Effective shareholding in Mopani by Glencore and FQM is, therefore, 73.1% and 16.9%, respectively. In April 2000, Mopani purchased assets of the Zambia