2020-11-16 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.
2021-1-19 The deal should bring an end to tensions between Glencore and the Zambian Government over Mopani’s operations. In April 2020, Zambia threatened to revoke Mopani Copper Mines’ mining licenses after mines were placed on care and
2021-1-19 Glencore has agreed to sell its majority stake in the Mopani copper mine in Zambia to minority partner ZCCM Investments Holdings, an investment vehicle controlled by the Zambian government, in a
2021-1-19 Mining giant Glencore last year temporarily shuttered two sites in Zambia after the Covid pandemic hit demand for copper January 19, 2021, 2:33 AM · 2 min read Swiss-based mining giant Glencore said Tuesday it was selling its stake in a high-profile Zambian copper mine to a state-owned Zambian concern.
2021-1-20 ZAMBIA State mining investment arm ZCCM-IH has agreed to buy Glencore’s majority stake in Mopani Copper Mines in a US$1.5 billion deal funded by debt and will seek a new investor, the government said in press statement.. The copper mine sale follows Glencore’s attempt to suspend operations at Mopani last year because of low copper prices and COVID-19 disruptions, prompting a
Elsewhere, Glencore said its Prodeco mining operations remained on care and maintenance in Colombia, where the country's 19-day quarantine had been extended to April 27.
Zambia’s state mining company is on the lookout for further deals as it prepares to complete its acquisition of a majority stake in Glencore’s struggling copper business in the country.
2021-2-3 Mining companies in Zambia are also documented on Africa Mining IQ’s datasheets with references to acquisitions, mergers, and joint ventures. This type of information helps mining companies around the world develop long-term plans, assist
In 2013, Glencore merged with Xstrata, by then the world’s largest coal mining company, and acquired a number of significant mining operations. The company has moved along commodities supply chains, controlling primary extraction as well as value added
2017-11-5 They show that in 2009, Glencore, the world’s biggest mining company, In the nearly two decades since, Gertler has become an unofficial gatekeeper in dozens of mining deals across DRC