Zambia seeks to restructure Glencore debt with new Mopani investor
Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore, which arose from its acquisition of Mopani in 2021, state-owned mining firm ZCCM-Investment Holdings (ZCCM-IH) said on Friday.
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Abu Dhabi’s IRH to invest $1.1 billion in Mopani copper mine
Mining News Pro - International Resources Holding RSC Ltd. of Abu Dhabi will invest more than $1 billion in Zambia’s Mopani copper mine, securing access to a metal that’s key to the energy transition as fears grow over future supplies.
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Sibanye CEO says Zambia’s Mopani Copper Mines investment not ‘onerous’
Mining News Pro - Sibanye Stillwater, which is among investors bidding to buy Mopani Copper Mines, said the amount of money required to expand output and run the Zambian assets profitably is not “onerous.”
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Zambia plans to choose buyer of Mopani Copper Mines by month-end
Mining News Pro - Zambia’s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday.
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Mopani Copper Mines losses deepen amid search for new investor
Mining News Pro - Zambia’s Mopani Copper Mines posted a deeper financial loss last year and lower output, state owner ZCCM Investment Holdings said.
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Sibanye-Stillwater eyes Zambia’s Mopani Copper Mines
Mining News Pro - Expansion-minded Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is interested in Zambia’s Mopani Copper Mines (MCM), as the mine and smelter complex looking for new investors after Glencore sold the asset to the state mining firm ZCCM-IH in January last year.
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Zambia “very close” to picking investor for Mopani copper mine
Mining News Pro - Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country.
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ZCCM to garner shareholder approval for Mopani takeover on March 30
Mining News Pro - Zambia’s mining investment arm ZCCM Investment Holdings will hold an extraordinary general meeting on March 30 for shareholders to vote on the company’s intended acquisition of Mopani Copper Mines.
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First Quantum sees no `contagion` risk in Zambia after Mopani deal
Mining News Pro - First Quantum Minerals sees no risk of nationalization in Zambia following the sale last month of Mopani Copper Mines to the country`s mining investment arm ZCCM-IH, the Canadian miner`s chief operating officer, Tristan Pascall, said on Wednesday.
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`The bucket is leaking`: Zambia opposition leader denounces debt-funded Mopani deal
Mining News Pro - Zambia`s main opposition party leader Hakainde Hichilema criticised the government`s deal with Glencore on Thursday, comparing the economy to a leaky bucket broken by debt.
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Zambia concludes talks with Glencore on buying Mopani mine stake
Mining News Pro - The Zambian government has concluded its talks with Glencore about buying a majority stake in Mopani Copper Mines, state radio reported, citing President Edgar Lungu.
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Zambia sees deal over Mopani within a month
Mining News Pro - Zambia expects to conclude talks over buying Glencore Plc’s stake in Mopani copper mines Plc within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines.
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Glencore puts entire stake in Mopani on the table in talks with Zambia
Mining News Pro - Glencore will likely sell its entire 73.1% stake in Zambia`s Mopani Copper Mines to the government`s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters
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Zambia seeks to take control of Mopani
Mining News Pro - Zambia’s state-owned mining investment company (ZCCM-IH) is seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, Mines minister Richard Musukwa said on Tuesday.
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Mopani Copper Mines restarting operations for 90 days
Mining News Pro - Glencore-managed Mopani Copper Mines confirmed on Sunday that constructive discussions had taken place with the Zambian government and that mining operations would be restarted and a notice issued of the company’s intention to place the mining operations on care and maintenance after 90 days.
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Zambia plans to revoke Glencore’s Mopani Copper Mines licenses
Mining News Pro - Zambia plans to revoke the mining licences of Glencore subsidiary Mopani Copper Mines (MCM) because the company did not give enough notice before suspending its mining operations in the coronavirus crisis and other problems.
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Zambia plans to revoke Glencore’s Mopani Copper Mines licences
Mining News Pro - Zambia plans to revoke the mining licences of Glencore subsidiary Mopani Copper Mines (MCM) because the company did not give enough notice before suspending its mining operations due to the coronavirus crisis and other problems.
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