The two sides briefly fell out in public after mines minister, Richard Musukwa, threatened to suspend Mopani’s mining licence unless it kept the mine open. The Mopani mines are on the outskirts of Kitwe, a city about 180 miles north of Zambia’s capital, Lusaka. And since we acquired Mopani in 2000, our investments total more than $4.4bn. Mopani devised a strategy to revitalise the control activities, face the malaria challenge head-on, and gradually stamp out the disease. 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Glencore in discussions for outright sale of Mopani stake to Zambian Govt, Kenmare says capital cost overrun on $106m plant relocation to increase…, Northam Platinum extends Zambezi Platinum stake to 70%, buying R3.5bn shares, Bring back progressive dividends to trigger mining stock re-rating, says Capital…, Resolute Mining identifies four-year, 80,000 oz/year Syama extension at Tabakoroni, Mali political ructions part of solution, not the problem, says Resolute Mining MD, AngloGold exits Mali after agreeing sale with Barrick of Morila for up to $27m, Anglo to explore for base metals in SA but wants Govt to consider “legislative adjustments”. The PF government last evening detained Mopani Copper Mine CEO as he tried to leave the country . According to reuters, global mining company Glencore’s Zambian unit Mopani Copper Mines (MCM) made the announcement in … Zambia, Tanzania, SA are uninvestable – however the DRC is just too rich in copper and cobalt to ignore. Mopani is committed to establishing a winning team and a copper and cobalt business it can be proud of. This is happening in Zambia, it has happened in Tanzania and even in SA, the government has forgotten the promises it made when the MPRDA was negotiated between 2000 and 2002 – like that BEE ownership requirements would be 26% and no more. A government is then persuaded that it has nothing to lose, so outside investors are invited in – twenty years later the politicans have forgotten about the disaster the industry was or the promises made to investors. It is beginning to look like the Resource Nationalism cycle is about twenty years. When Mopani Copper Mines commenced operations in 2000, the region’s malaria control activities had completely come to a halt, and the disease’s incidence rate had risen to 216 people in a population of 1000. “It 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. The body has been discovered in 15 Miles area. Nathan... A PRINCIPAL at a private school in Lusaka’s Kanyama township has allegedly raped his 34-year-old female teacher whom he later offered K500 to stop... Mass screening and Testing is underway in Lusaka’s Emmasdale and Chaisa Township which are considered high risk areas for COVID-19. 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. The buyer would be ZCCM-IH, Zambia’s state-owned mining company which has a stake in Mopani along with First Quantum Minerals, the Canadian miner. Mopani produced 51,275 tons of finished copper in 2019 including purchased materials – accounting for 13.9% of Glencore’s African copper output and 3.7% of its overall copper output… The DRC reneged on taxation stability clauses too after about 20 years. By Michael Kaluba . ZCCM-IH currently has 10% of Mopani, with Glencore holding 73.1% and Vancouver … In a bid to empower small-scale miners, Mopani Copper Mine has given a sum of K1.7 million to small-scale miners. Mopani Copper Mines has not been consistent on this issue since the new management came in.” Kambwili asked the government to be aggressive on the matter. The company operates an employment policy of “meritocracy – aiming to employ the right people with the right skill, irrespective of race, gender or creed. 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 government’s latest rejection of the firm’s proposal to place its mining … Mining Assets. 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. Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10%), Glencore Plc (73.1%) & First Quantum Minerals Ltd (16.9%). An industry is destroyed and on its knees by war or expropriation. A manager addresses workers at Mopani Copper Mines Glencore Plc, a British–Swiss multinational commodity trading and mining company, is massively restructuring its Zambian subsidiary, Mopani Copper Mines Plc, with the termination of acting chief executive officer … Minority shareholders are spread throughout the world, in various locations. Recently, Glencore declared force majeure at its Mopani Copper Mines (MCM) subsidiary in Zambia. “It 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. The possibility of a sale developed after Glencore attempted to put Mopani into mothballs citing constrained operating circumstances in Zambia which were compounding the effects of a low copper price. Zambia to block Glencore's plan to close Mopani Copper Mines – Reuters. Last week, Zambia intended to revoke the mining licenses of MCM, as the firm did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. Zambia’s Minister of Health Chitalu Chilufya has tested Positive to Covid-19 as the country recorded 137 new cases, from the 4,264 tests done in... A POLICE reservist of Kabangwe police post who was reported missing has been found dead. Mulenga has further disclosed that Mopani Copper Mines has since suspended operations at Mindola North Shaft until further notice. “Mopani Copper Mines Plc is working closely with the Mines Safety Department (MSD), Zambia Police Service and other relevant authorities during this operation,” Mulenga said. Mopani’s total liabilities exceeded its total assets by $2.56bn in 2019, the company reported in a financial statement, indicating “… a material uncertainty in relation to the going concern assumption”. February, 2019 at 13.45 hours. 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