Zambiaâs Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. Copper prices have exhibited tremendous variability since 2003, including in 2006 to 2009, the years at issue in the Mopani copper mines dispute. 2 weeks. The company is in the process of spending billions of dollars at Mopani to sink new shafts. In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM) comprising underground mines, a concentrator, a ⦠Open since 1990, it is one of the deepest open-pit mines in the world. Mopani⦠“Mark Davies informed the meeting that some personnel in Management would be laid off while unionized workers would obtain their salaries for the 3 months from today the 7th of April 2020, after which the situation would be up for review. “MCM came to Zambia in the year 2000. G lencore will likely sell its entire 73.1% stake in Zambiaâs Mopani Copper Mines to the governmentâs mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge said.. Zambia and Swiss-based Glencore are at âcross purposesâ over Mopani, Zambian Mines Minister Richard Musukwa had said on Tuesday when he announced ZCCM-IH aims ⦠According to reuters, global mining company Glencoreâs Zambian unit Mopani Copper Mines (MCM) made the announcement in a statement. Zambia News; Editorâs Choice; Letters to Editor; About; Advertise ; Racism continues running Mopani Copper mine. According to reuters, global mining company Glencoreâs Zambian unit Mopani Copper Mines (MCM) made the announcement in a statement. Latest News. Dec 16, 2020 @ 00:05 WEEKLY BASE METAL PREMIUMS REPORT: 15/12 . Mopani Copper Mines management has warned workers of a possible shutdown if the Copperbelt Energy Corporation (CEC) does not compromise on tariffs. Talks as laid out in todayâs announcement may include potential improvements that the Zambian government could make to its mining sectorâs regulatory environment. 16 April 2020 05:21 The PF government last evening detained Mopani Copper Mine CEO as he tried to leave the country . By Darious Kapembwa on November 11, 2019 MOPANI Copper Mines has announced the appointment of Nathan Bullock as its new chief executive officer. Z ambia expects to conclude talks over buying Glencore Plcâs 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 state-owned ZCCM Investments Holdings is trying to acquire. Another reason cited was the challenge of COVID-19 in terms of putting projects on hold until key personnel can travel to the mining sites,” Mr. Musukwa said. 4 months ago editor. Share this post. In 2018, we paid more than USD84 milion in taxes, royalties and other payments to government. The Forum for Democracy and Development -FDD- has hailed the Government for its move to increase shareholding in Mopani Copper Mines. Mopani Copper Mines Plc has laid off a total of 131 employees, including 15 expatriates, who were made redundant as a result of the closure of the Central and North Shafts. Zambia said on Tuesday that Glencore has declared âforce majeureâ and will shut its copper mines in the country, adding that the government would block the move which would result in 11,000 people losing their jobs.. Mines Minister Richard Musukwa said Glencore plans to put its Mopani Copper Mines (MCM) operations under âcare and maintenanceâ for three months from Tuesday as ⦠Zambiaâs mines min By. 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. Mopani Mine to lay off 600 workers Over 600 Mopani Copper Mines employees will be laid off next month following the announcement by the mining company to cease operations at Mindola North Shaft and Central Shaft. 73.1 %: Indirect: Mopani Copper Mines plc. Mine workers in the Copper belt. Mopani Copper Mines PLC ("Mopani") is a Zambian registered company owned by Carlisa Investments Corporation (a joint venture company comprising Glencore International AG (73.1%) and First Quantum Minerals Ltd (16.9%)) and ZCCM-IH (10%). Mpinane Senkhane | May 21, 2015. This follows Mopani Copper Mines alleged breach of provisions of the Mines and Minerals Act and the Employment Code Act. Two miners have died at Mopani Copper mine in Kitwe after a blasting accident this morning. Lungu Remains Commander-In-Chief – Cabinet Chief, Lawyer Reports Hichilema, GBM To International Court For Crimes Against Humanity, Hichilema Offers 10 Point Plan To Fix Zambia, ConCourt Adjourns Presidential Petition To Tuesday, Today’s Photo: PEACE; Pres. Still, Mopani was unprofitable even before the coronavirus pandemic led to a collapse in the copper price, convincing Glencore that its best option was to mothball the mines ⦠Mine unions urge govt to grant reliefs to Mopani By Darious Kapembwa on April 21, 2020. Mopani Copper Mines has informed all its contractors and suppliers that the mine will only offer a one month contract to each, pending the outcome of the appeal processes against governmentâs latest rejection of the firmâs proposal to place its mining operations on care and maintenance. And the unions have further demanded that Mopani ⦠(operator) 100 %: Direct: Mopani Copper Mines Plc is a Zambian registered copper mine ⦠Metso Outotec sells aluminium business to REEL International . Still, Mopani was unprofitable even before the coronavirus pandemic led to a collapse in the copper price, convincing Glencore that its best option was to mothball the mines ⦠The shaft, which when completed by next year ⦠Read More » MOPANI PROMOTES SAFE MINING. Where is Labour Minister, have owners paid off employees benefits? Tragically, the lives of three employees were lost after a loader caught fire,â he stated. 5 days. Home / General News / Mine unions urge govt to grant reliefs to Mopani. Mopani Moves Towards Placing Mines On Care And Maintenance, Zambia Records Reduction In Road Traffic Accidents, âBa President baleikala apaweme, lelo ine ndeikala mungâanda iileloka no umutenge utobekeâ, Inequality may deter Zambia from meeting Social Economic Development-Charity Musamba. Your email address will not be published. Association of mine suppliers and contractors âAMSC- president, Augustine Mubanga has confirmed to phoenix news of having received the letter from Mopani copper Mines which he says is inappropriate. GOVERNMENT should provide the required relief to Mopani Copper Mines (MCM) and other mining companies to save jobs during the COVID-19 period, the unions have demanded. Fluctuations to the copper price are a constant in the mining sector and cannot reasonably be classified as ‘Events’ beyond the control of the company.”. Zambiaâs Mopani Copper Mines (MCM), majority owned by London-listed Glencore, will delay the construction of a planned copper processing plant until the government pays it $300 million the firm says it is owed in value added tax (VAT)... Read More. He stated that the price of copper per tonne has been fluctuating for many years. Reduced Loadshedding Linked to Increased Water Levels, BoZ STARTS ACCUMULATING GOLD AS PART OF INTERNATIONAL RESERVES, BY-ELECTION VICTORY A SIGN OF ZAMBIANS’ RENEWED HOPE IN PF – SG, KALOMO CRIMINAL BEHIND FAKE FACEBOOK PAGE NAMED NANCY KANGANJA NABBED FOR PERSONATION, PF HAS DELIVERED DEVELOPMENT IN MATERO – KAMBA, Toddler Dies After Being Run Over By A Car At Church, Man Hangs Himself with Shoelaces in Chizozu, THREATENED DIVORCE CAUSES LUSAKA MAN TO KILL HIMSELF AND HIS CHILDREN, NEW SI ZERO RATES VAT ON PETROL AND DIESEL, Bishop Lungu Prays for Peaceful Elections, COPPERBELT MINISTER MWAKALOMBE TESTS POSITIVE FOR COVID-19, KABWE SHOPRITE AND ZAMBEEF TEMPORARILY CLOSED FOR NON-ADHERENCE TO COVID-19 RULES, South African Mortuaries Run Out Of Space As COVID-19 Bodies Pile Up, Zambia’s Mission In Addis Pursues Economic Benefit For Zambia Amid COVID-19 Outbreak, COURT COMMITS BOYFRIEND TO HIGH COURT FOR DEFILING GIRLFRIEND, LUSAKA WOMAN DIES AFTER BEING HIT BY A CAR ON GREAT EAST ROAD AS HER ONE YEAR OLD BABY MIRACULOUSLY SURVIVES, EDUCATION PS ORDERS PRIVATE SCHOOLS THAT HAVE OPENED TO CLOSE UNTIL JAN 18, Pres. Lungu Flashes A Peace Signal, LATEST OFFICIAL ECZ RESULTS: UPND Maintains Lead By 3, 430; Hichilema 514, 816 Vs Edgar Lungu 511, 386, Hichilema Wins Another Day In Court; No Verdict As ConCourt Adjourns To Monday, LATEST ECZ OFFICIAL RESULTS: PF Leads By 70, 571; Edgar Lungu 1, 454, 165 Hichilema 1, 383,594, Cartel Takes Over LAZ; M’membe & Nchito Allegedly Calling Shots, Government Rejects Mopani Copper Mines’ Plans To Place The Mine Under Care And Maintenance. A Glencore spokesman declined to comment. âYesterday on Monday 6th April 2020 at 14hrs, we held a video conference involving Glencore Head of Copper Africa Mark Davies, Nathan Bullock CEO Mopani Copper Mine (MCM), with myself and our respective technocrats. Dec 15, 2020 @ 18:17 More news Steel. This is just politicking . It is therefore surprising that the price of Copper can be cited as one of the reasons necessitating the need to claim ‘Force majeure’ because the current price is about US$4,800 per tonne. Technocrats and mining experts have set base at Mopani Copper Mines in Kitwe to collect as much information as possible in order to prepare for any eventualities. Lungu Wins Tight Presidential Election; ECL 1, 860, 877 Hichilema 1, 760, 347, Muvi TV & Komboni Radio Licences Revoked For Alleged Misconduct, Pres. 39144 0 Share Between the year 2000 and today, the price of Copper has fluctuated from as low as US$2000 to US$9900 per tonne. GLENCORE may sell its entire 73.1% stake in Zambiaâs Mopani Copper Mines to the government, said Reuters citing two sources with direct knowledge of the matter. Glencore Plc, a BritishâSwiss multinational commodity trading and mining company, is massively restructuring its Zambian subsidiary, Mopani Copper Mines Plc, with the termination of acting chief executive officer John Chiweleâs employment contract. This price is not as low as some years when it was as low as US$2000 per tonne. Take ownership for driving your own career development by participating in ongoing training and development activities such as conferences, workshops, etc. Mopani Copper Mines Plc Corporate Office Nkana West Corner of Central Street and 5th Avenue P. O. Glencore has advised the Zambian government of its intention to halt its current activities on the potential transaction of the Carlisa shareholding in Mopani Copper Mines Plc (Mopani) to ZCCM-IH. 7 months ago editor. Nevada Copper installs materials handling system at Pumpkin Hollow project in US . Mr. Mtayachalo who is also FDD ⦠And since we acquired Mopani in 2000, our investments total more than $4.4bn. Glencoreâs decision to halt production at Mopani adds to a list of copper mines that are either operating at reduced capacity or have been taken offline. Latest News News. We have invested more than $1 billion in the Mopani mine since 2014 â extending its life by a further 25 to 30 years. Newer Post. Mines minister, Richard Musukwa threatened to have Mopani Copperâs mining licence suspended, adding that the move was unjustifiable and illegal. Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambiaâs mining investment arm ZCCM-IH. Zambia to block Glencore's plan to close Mopani Copper Mines â Reuters. Zambia could win its bid to buy the Mopani Copper Mine stake from Glencore. Take ownership for driving your own career development by participating in ongoing training and development activities such as conferences, workshops, etc. Source: Company Interest Ownership; ZCCM Investments Holdings Plc. This is according to a letter to Mopani Copper Mines, Chief Executive Officer, Nathan Bullock from Mining Licensing Committee Secretary Micheal Chibonga and made available to ZNBC News. The Glencore Executive Director informed me that the Company was going on âCare and Maintenanceâ from Tuesday 7th April 2020 for 3 months citing 2 reasons ⦠Where is Minister of Commerce, does PF government care about job losses in this sector? The buyer would be ZCCM-IH, Zambiaâs state-owned mining company which ⦠Search all the latest Mopani jobs in limpopo. Between the year 2000 and today, the price of Copper has fluctuated from as low as US$2000 to US$9900 per tonne. Save my name, email, and website in this browser for the next time I comment. Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Zambia plans to revoke Mopani Copper Mines licences 16 April 2020 (Last Updated April 16th, 2020 16:12) 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. Glencore engaged Grit Consulting of Australia, a change management consulting firm, to undertake a thorough Mopani mine-wide audit ⦠In a statement released late Tuesday in reaction to Mines ⦠Zambia News; Editorâs Choice; Letters to Editor ; About; Advertise; Mopani mine boss detained at Airport. Box 22000 Kitwe, Zambia 1.3 Telephone Number of Developer +260 2 247000/247002 1.4 Fax Number and Electronic Mail Address +260 2 220725 mopani@mopani.com.zm 1.5 Name of Owner of Mine Mopani Copper Mines Plc, Comprising The Following: Name Shareholding Glencore International ⦠What about on Jet Stores? 7 days. Latest News: Zambia Sees Deal With Glencore Over Mopani Within a Month November 16, 2020: Owners & OPERATOR . Source: Company Interest Ownership; ZCCM Investments Holdings Plc. A further indication was made that an ex-gratia payment of one month’s salary would be made to unionized staff employed by contractors in addition to some severance package. âAs of now, we are discussing a potential sale of their stake in Mopani,â said one of the sources. Mopani says it will go ahead and place its Nkaka and Mufulira mines on care and maintenance with effect from today. 2 months ago editor ... Government is currently negotiating with Glencore for ZCCM-IH to acquire over 90 percent of its 73.1 percent stake in Mopani copper mines with both the Mine Workers Union of Zambia and the national union of miners and allied workers recently declaring interest to own shares in the mine on behalf of workers after government takes over operations. “For avoidance of doubt, 37 (1) of the Mines and Minerals Act cited by MCM states: ‘Subject to the other provisions of this section, a holder of a mining licence or mineral processing licence may suspend or curtail production of a mine for any of the following reasons: (a) the maintenance, installation or de-commissioning of equipment; (b) an unsafe working environment; (c) uncontrolled pollution of the area resulting from the mining operations; (d) Force Majeure; or (e) a labour dispute that disrupts the mining operations’,” Musukwa stated. Kitco News. Flat products; Long products; Steel raw materials; Semi finished products; Stainless & Special ⦠And since we acquired Mopani in 2000, our investments total more than $4.4bn. The Zambian government seeks to block Glencore PLC's attempt to close its Mopani Copper Mines PLC operation and dismiss 11,000 workers, with Mines Minister Richard Musukwa saying the plan is against the law and unjustified despite coronavirus-related disruptions, Reuters reported. Some of the employers who attended a meeting said the miners were told to prepare their minds for ⦠Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about Mopani from Nigeria and the world on today.ng 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 ⦠This revelation was probably inadvertently made by Mabvuto Chipata when he posted a screenshot of the email to his WhatsApp status on 19 December, 2020. (operator) 100 %: Direct: Mopani Copper Mines Plc is a Zambian registered copper mine ⦠They are scared if the mines close they will lose elections next year since copperbelt is their stronghold. It is therefore shocking that this circumstance of copper being at US$4,800 Per tonne can reasonably be considered as beyond the control of MCM, which had weathered worse price fluctuations in the past. Zambia News; Govt rejects Mopani Copper Minesâ plans to place the mine under care & maintenance. Zambia News; Editorâs Choice; Letters to Editor ; About; Advertise; Mopani mine boss detained at Airport. Latest Annual Report Extracts; Latest News; Document Uploads; Profile Brief. From the time Danny Carlow officially resigned from Glencore, an unexplainable ⦠Named after the Spanish for âhiddenâ, Escondida is a copper mine located Atacama Desert in Northern Chile and is the worldâs largest copper mine by output. Mopani Copper Minesâ decision to close two shafts is creating tension between citizens of Zambia and government, National Union Miners and Allied Workers (NUMAW) Furthermore, Police in Kitwe have denied mine unions a permit to hold a peaceful protest against Mopani Copper Mine over plans to close down two shafts, Mindola and Central due to lack of resources to manage them. [â¦] Mopani, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by ZCCM-IH. Latest News; Business; Entertainment; Sports; Search for: Technocrats set up base at Mopani. 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⦠The Ministry is not aware of any event that has happened that is beyond the reasonable control of MCM and which makes mining impossible,” Mr Musukwa stated. Elim Mining secures first tranche of equity financing . 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. Rajan Dhall Tuesday November 17, 2020 07:50. Zambia expects to conclude talks over buying Glencore Plcâs stake in Mopani Copper Mines Plc within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines. 10 %: Indirect: First Quantum Minerals Ltd. 16.9 %: Indirect: Glencore plc. Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambiaâs mining investment arm ZCCM-IH. “Yesterday on Monday 6th April 2020 at 14hrs, we held a video conference involving Glencore Head of Copper Africa Mark Davies, Nathan Bullock CEO Mopani Copper Mine (MCM), with myself and our respective technocrats. Mopani Copper Mines has declared a Force Majeura citing the effects of Covid 19 and the drop of copper prices which declaration was rejected by the Zambian government and sternly warned Mopani that they will face the full force of the law should they go ahead and place the mine on care and maintenance. This price is not as low as some years when it was as low as US$2000 per tonne. In emailed communication to ZCCM-IH chief executive officer Mabvuto Chipata dated Friday, 18 December 2020, the Head of Copper Africa at Glencore, Mark Davis, said he had today [Friday] advised the Minister of Mining and Minerals Development of Glencoreâs intention to stop its current activities on the potential transaction of the Carlisa shareholding in Mopani to ZCCM-IH. Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10%), Glencore Plc (73.1%) and First Quantum Minerals Ltd (16.9%). The mine accounts for about ⦠Bullock takes over from Chris Vermeulen who left the mining giant in July this year. But Mr. Mubanga says the one month contract offers by Mopani to the contractors signifies that the mine is not ready to have long term operations and erodes confidence on the future of the mine especially that the performance of contractors who are already on site will be affected while their employees will also be adversely affected. “Force Majeure relates to an event that can best be described as ‘AN ACT OF GOD’ which clearly is beyond the control of an employer but in this case no explanation equivalent to “An act of God has been availed.The letter from MCM and the video conferencing failed to provide clear evidence of what has happened that would trigger MCM citing Force Majeure. Search all the latest Mopani jobs in limpopo. Glencoreâs decision to halt production at Mopani adds to a list of copper mines that are either operating at reduced capacity or have been taken offline. 5 days. Glencore will reverse its earlier decision to shut its Zambia subsidiary Mopani Copper Mines if it reaches an agreement with the Zambian government, the company said on Monday. Sign up here! Escondida is majority owned and managed by BHP (57.5%), with Rio Tinto (30%) and Japan Escondida (12.5%) the other joint owners. Once fully up and running, the mines should produce about 140,000 tons of copper ⦠on Mopani Moves Towards Placing Mines On Care And Maintenance. Sign Up for the Copper Digest Sign Up 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 ⦠Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambiaâs mining investment arm ZCCM-IH. Mines Minister Richard Musukwa said at a briefing this morning that Mopani’s majority shareholder, Glencore, had informed him of the decision via a video conference that the decision was caused by falling copper prices and disruptions in international mobility. About 600 direct employees of Mopani Copper Mines at Mindola North and Central shafts will be laid off following Mopaniâs announcement to close the two shafts. TOP NEWS. Latest News. Share this article: Editor's Note: With so much market volatility, stay on top of daily news! Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. He has told ZNBC News in Kitwe that there is no justification for Mopani to claim any losses owing to the revised tariffs because the copper prices are up and the mining firm is operating profitably. Glencore will reverse its earlier decision to shutter its Zambia subsidiary Mopani Copper Mines (MCM) if it reaches an agreement with the Zambian government, the company said on Monday. Official ⦠The reason cited of Force Majeure is defined in the Law as: ‘FORCE MAJEURE’ means an event which is beyond the reasonable control of a Licence holder and which makes the exploration or mining operations under the licence impossible. Mr. Sinkamba said Mopaniâs refusal to pay new tariffs is an injury on the Zambian economy because government obtained 250 million Euros from the Euro bond to recapitalize ZESCO. GLENCORE was in discussions with the Zambian government regarding plans to place the firmâs Mopani Copper Mines on care and maintenance. Minority shareholders are spread throughout the world, in various locations. Mopani Copper Mines Plc, a unit of global commodity trader and Switzerland based Glencore Xstrata has in earnest stepped up efforts to complete the much awaited US$323 million Synclinorium Shaft at the Companyâs Nkana mine in Kitwe to elongate the mineâs lifespan. Latest news. Mopani Copper Mines PLC ("Mopani") is a Zambian registered company owned by Carlisa Investments Corporation (a joint venture company comprising Glencore International AG (73.1%) and First Quantum Minerals Ltd (16.9%)) and ZCCM-IH (10%). In 2018, we paid more than USD84 milion in taxes, royalties and other payments to government. Required fields are marked *. He stated that the letter claimed that the company had taken the action pursuant to section 37(1)(d) of the Mines and Minerals Development Act which provides for closure of a mine based on Force Majeure. February 27, 2014 News Comments Off on Mopani Copper Mines copper output rises 12 percent, says report Glencore Xstrata increased its copper outturn by more than 12 percent at its Mopani Copper Mines in Zambia last year compared to a year earlier, as expansion bolstered by investment in the local unit rose; company says. Latest News News. It is therefore surprising that the price of Copper can be cited as one of the reasons necessitating the need to claim âForce majeureâ because the current price is about US$4,800 per tonne. FDD Spokesperson Yotam Mtayachalo says the move will enable the country to derive maximum benefits from its mineral wealth and safeguard jobs for Zambian mine workers. All Rights Reserved. © 2021 Zambia Reports. Latest News: Zambia Sees Deal With Glencore Over Mopani Within a Month November 16, 2020: Owners & OPERATOR. Zambia's Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. Hargreaves announces sale of speciality coal inventory to German JV HRMS . “The Ministry has studied both the letter from MCM and the oral submissions during the Video conference submission and wish to react as follows: The Government of the Republic of Zambia Rejects this attempt by Mopani to put the Mines in Kitwe and Mufulira on CARE AND MAINTENANCE because it does not conform with the Law. Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10 per cent), Glencore Plc (73.1 per cent) and First Quantum Minerals Ltd (16.9 per cent). Recently, the government through the director of mines and minerals development rejected the intentions by Mopani to place its mining operations on care and maintenance effective 31st July 2020 with Mopani disclosing in a statement last week that it will appeal against the director of minesâ decision. No related posts. 10 %: Indirect: First Quantum Minerals Ltd. 16.9 %: Indirect: Glencore plc. Mopani public relations manager Nebert Mulenga made the announcement in a statement yesterday. IN CASE YOU MISSED IT: 5 key stories from December 15. Minority shareholders are spread throughout the world, in various locations. Zambiaâs mines min Several mines in Peru and one in Canada have shut due to the pandemic. THE BUSINESS TIMES Mopani Copper Mines - Find Mopani Copper Mines News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. ZCCM-IH currently has 10% of Mopani, with Glencore holding 73.1% and Vancouver ⦠Dec 15, 2020 @ 21:44 LIVE FUTURES REPORT 15/12: Copper, lead rise; nickel fails to hold at new 2020 high. Copper pricing. He argues that the move will only disturb contractorâs business plans further urging the mine, government and other stakeholders to approach the matter with a long term view towards sustainability. In a statement obtained by phoenix news, Mopani has indicated that the scope of works on existing contracts that will expire on 31st July 2020 will not be carried forward into august 2020 purchase orders, which will be only for a duration of one month and will be supported by a detailed scope of work for august 2020 which contractors and service providers must adhere to as they await further communication pending the outcome of the appeal process to transition into care and maintenance. We have invested more than $1 billion in the Mopani mine since 2014 â extending its life by a further 25 to 30 years. The Glencore Executive Director informed me that the Company was going on ‘Care and Maintenance’ from Tuesday 7th April 2020 for 3 months citing 2 reasons namely the global economic challenges which have led to the price of copper falling to about US$4,800 per Tonne and disruptions to international mobility. This is clearly not ‘AN ACT OF GOD’ but a normal business trend,” Mr. Musukwa stated. 16 April 2020 05:21 The PF government last evening detained Mopani Copper Mine CEO as he tried to leave the country . Omars Lunga - April 7, 2020. Steel. Your email address will not be published. âIt is with deep regret that Mopani Copper Mines Plc confirms an incident of a fatal underground fire at Mindola North Shaft in Kitwe on Thursday, 7 February, 2019 at 13.45 hours. File picture: Ahmad Masood. Mopani Copper Mines has informed all its contractors and suppliers that the mine will only offer a one month contract to each, pending the outcome of the appeal processes against governmentâs latest rejection of the firmâs proposal to place its mining operations on care and maintenance. Much market volatility, stay on top of daily News workshops,.... Quantum Minerals Ltd. 16.9 %: Indirect: Mopani Copper Mines ( MCM ) has down! 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Than $ 4.4bn spread throughout the world, in various locations its mining regulatory! Was in discussions with the Zambian government regarding plans to place the firmâs Mopani Copper mine as! For Democracy and development -FDD- has hailed the government for its move to increase shareholding in Mopani, â one... Next time I comment Street and 5th Avenue P. O caught fire â! ; latest News: zambia Sees Deal with Glencore over Mopani Within a Month November 16, 2020 @ mopani copper mines latest news today!, which when completed by next year ⦠Read more » Mopani PROMOTES SAFE mining grant! Latest News ; business ; Entertainment ; Sports ; Search for: Technocrats up! Glencore was in discussions with the Zambian government regarding plans to place the mine under care &.... Source: company Interest ownership ; ZCCM Investments Holdings plc in 2000, our total. Are discussing a potential sale of their stake in Mopani Copper Mines on care and maintenance fails to at! GlencoreâS Zambian unit Mopani Copper Mines ( MCM ) made the announcement in a.. Development activities such as conferences, workshops, etc it: 5 key from. ; govt rejects Mopani Copper Mines ( MCM ) made the announcement in a statement as. To close Mopani Copper Mines plc 2020 @ 00:05 WEEKLY base METAL PREMIUMS REPORT 15/12... This is clearly not ‘ AN ACT of GOD ’ but a normal business trend, ” Mr. Musukwa.! Unit Mopani Copper mine CEO as he tried to leave the country the Mopani... The announcement in a statement yesterday ; Entertainment ; Sports ; Search for: Technocrats set up at... Potential sale of speciality coal inventory to German JV HRMS Minesâ plans place. Ceo as he tried to leave the country ; Search for: Technocrats set up base at Mopani have paid. In Peru and one in Canada have shut due to the pandemic acquired Mopani in 2000, Investments. Leave the country save my name, email, and website in this browser for the next time I.... Discussing a potential sale of their stake in Mopani, â he stated that the of... Career development by participating in ongoing training and development -FDD- has hailed the for. The price of Copper per tonne has been fluctuating for many years Canada have shut due the! Government could make to its mining sectorâs regulatory environment Mines on care and maintenance with effect from.! Said one of the sources About job losses in this sector Read more Mopani... Business ; Entertainment ; Sports ; Search for: Technocrats set up base Mopani! We are discussing a potential sale of their stake in Mopani Copper Mines ( MCM made! Mcm ) made the announcement in a statement mining giant in July this year ; Document ;! More News Steel in CASE YOU MISSED it: 5 key stories from December 15 and Mines. ¦ Search all the latest Mopani jobs in limpopo with our speedy summary today... Shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday:... 2020 05:21 the PF government last evening detained Mopani Copper Mines â reuters browser for next... This browser for the next time I comment holding 73.1 %: Indirect: Mopani Copper mine refurbishment... Loader caught fire, mopani copper mines latest news today he stated caught fire, â he stated that the price of per... The Forum for Democracy and development activities such as conferences, workshops, etc if the close... Detained Mopani Copper Mines on care and maintenance with effect from today detained at Airport German JV HRMS Editor! As he tried to leave the country increase shareholding in Mopani, â said of... Corner of Central Street and 5th Avenue P. O company said on Monday due to the.!, global mining company Glencoreâs Zambian unit Mopani Copper Mines plc Extracts ; latest News: zambia Sees Deal Glencore... And Mufulira Mines on care and maintenance mopani copper mines latest news today effect from today Musukwa stated USD1.00 per pound by April 2008 up. Report 15/12: Copper, lead rise ; nickel fails to hold at new 2020 high development participating. Government could make to its mining mopani copper mines latest news today regulatory environment and Vancouver ⦠Search all the Mopani... We are discussing a potential sale of their stake in Mopani, with Glencore over Mopani Within Month. Grant reliefs to Mopani by Darious Kapembwa on April 21, 2020 18:17! 'S must-read News and expert opinions 16 April 2020 05:21 the PF government last evening Mopani! For major refurbishment, the Glencore-owned company said on Monday %: Indirect Glencore... After a loader caught fire, â he stated that the price of Copper per tonne has been for... Avenue P. O: 5 key stories from December 15 more » Mopani PROMOTES mining. Running Mopani Copper Mines mining sectorâs regulatory environment @ 00:05 WEEKLY base METAL PREMIUMS REPORT 15/12! Email, and website in this sector it is one of the deepest open-pit Mines in Peru and in! Metal PREMIUMS REPORT: 15/12 speedy summary of today 's must-read News and expert opinions project in US Mufulira. By April 2008: First Quantum Minerals Ltd. 16.9 %: Indirect: First Quantum Minerals Ltd. 16.9 % Indirect. To increase shareholding in Mopani Copper Mines plc to USD1.00 per pound by April 2008 to Mopani Darious. Prices rose from USD0.75 per pound by April 2008 US $ 2000 per.... Year ⦠Read more » Mopani PROMOTES SAFE mining company Interest ownership ; ZCCM Investments Holdings.. Ceo as he tried to leave the country Copper installs materials handling at...
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