مصنع لتجهيز البوكسيت/Glencore And Shade Deals In Mining In Zambia
· Glencore Seals Zambia Copper Sale But Must Wait for the Cash. (Bloomberg) — Glencore Plc has agreed to sell its stake in Mopani Copper Mines Plc to the Zambian government for billion, but will get just 1 upfront. Glencore has been in talks with the state about Mopani since last year after the two clashed on the future of the mine, which ...
· Glencore said on Friday it was in finalstage negotiations over a potential sale of its majority stake in Mopani Copper Mines to Zambia's mining investment arm ZCCMIH. .
· Zambia's stateowned 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 Minister Richard ...
· Zambia's head of state Dr. Edgar Lungu on January 08, hinted that talks with Glencore Corporation over Mopani Copper Mines (MCM) would soon be concluded. Dr. Edgar Lungu said this when he addressed Mopani miners during his visit to the mine as part of his 3 day tour of the Copperbelt of Africa region. The [.]
· Glencore seals Zambia copper sale. Mopani Copper Mines is % owned by Glencore, % by First Quantum Minerals and 10% by ZCCMIH. ( Image courtesy of photosmith2011 | Flickr) Glencore Plc has ...
· Zambia shoots itself in the foot as hardnosed Glencore cuts and runs Political opportunism forces miner to ditch assets for a dollar and the repayment of of debt B L Premium
· (Bloomberg) 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 .
· Zambia to conclude deal with Glencore over Mopani within a month. Z ambia 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. Mulenga declined to disclose the size of the stake that stateowned ZCCM Investments ...
· Lusaka Zambia: Chambishi Metals on the Copperbelt Province has asked 30 percent of its work force to go on voluntary separation.
· Zambia mortgages the future by taking over Glencore copper debt By David Whitehouse (The African Report) Zambia's response to its debt hole is to keep digging. Stateowned Zambia Consolidated Copper Mines Limited (ZCCM) this week agreed to take on of debt and pay a nominal 1 to take over a 73% stake in Mopani [.]
· Glencore's pledge to improve mining safety has come following the death of 36 illegal miners at its' Congo operation, 20 people following a collision that occurred between a truck carrying sulphuric acid to Glencore's Mutanda Mine, three workers in an equipment fire at Mindola North Shaft and two workers were killed in a South Ore Body Shaft in Zambia
· Glencore has been in talks with the state about Mopani since last year after the two clashed on the future of the mine, which has been unprofitable for years. Despite the challenges, the operations are a vital employer for Zambia.
· Glencore has agreed a billion deal to exit Zambia by offloading its majority stake in the Mopani copper mine to the country's government. .
Background Zambia's major economic activity is mining, and as at 2005, mining contributed about 65% of export earnings. Major minerals are Copper and Cobalt Copper production stands at 465,000 mt, and is expected to reach about 700,000 mt by 2010. 2 big copper mines (new) to being developed, and several small ones.
· GLENCORE DIRTY DEAL: Who is fooling who? Copper is trading at 7,979 per tonne on London Metal. Richard Musukwa has allowed ZCCMIH to sign a deal with Mopani to sell them the copper at 2,300 per tonne until they manage to pay back billion. Meaning Glencore will be making 5,400 per tonne on top [.]
· Glencore has trimmed its tail of assets with the sale of a struggling Zambian copper business to the government in a deal. The sale of its majority stake in Mopani Copper Mines comes after Glencore tried to mothball the operation last year, triggering a furious row with Lusaka, which threatened to revoke its licences and briefly detained its country head.