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Mopani Copper Mines Plc was originally part of Zambia Consolidated Copper Mines Limited (ZCCM), and was state-owned until its privatisation in 2000. [4] 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.
In October 2022 Sibanye-Stillwater expressed an interest to acquire Zambia's Mopani Copper Mines, the mine and smelter complex looking for new investors after Glencore sold the asset to the state in January 2021. Zambia's state mining firm ZCCM-IH hired Rothschild in June 2022 to help find a new investor to upgrade and expand it. [13]
Mopani Mine in Zambia. Mining in Zambia produces several minerals and is a critical part of the country's economy. Copper comprises 70% of Zambia's total export earnings, and the country produces about 20% of the world's emeralds. [1] Mineral resources are distributed throughout the country. [2] Zambia produced 763,287 metric tons of copper in ...
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 ...
Mining and commodity trading giant Glencore has helped to fund Zambia's Mopani Copper Mines as the company has been unable to pay its bills on time and the state has yet to find a new investor ...
In 1982 NCCM and RCM were merged into the giant Zambia Consolidated Copper Mines Ltd (ZCCM). [1] [2] After nationalisation, copper prices started declining, oil prices increased and the effects of using the mining industry as a cash cow started showing. Copper production in Zambia plummeted – from its peak of 750,000 tonnes (830,000 short ...
The Mufulira Mine is now owned and operated by Mopani Copper Mines, which employs 10,000 permanent workers and produced about 300,000 tonnes (330,693 tons) of copper bars in 2007. The Mufulira Copper Smelter was rehabilitated by SMEC South Africa. Production and employment levels went down from the 1969 peak when the Copperbelt made Zambia the ...
Kitwe is the base for a number of mining operations including the Mopani Copper Mines. Kitwe has rich copper, cobalt and emerald deposits among other minerals. It is home to Mopani Copper Mine's Nkana Cobalt Plant, one of Africa's largest mines. The mine is located 1 km south west of the Kitwe city centre. Nkana cobalt mine is the deepest mine ...