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Glencore Is Close to Selling Troubled Zambian Copper Mine

Jan 08, 2021 & 0183;& 32;Glencore Plc said it’s in the final stages of agreeing to sell its stake in Mopani Copper Mines Plc to the Zambian government, ending months of uncertainty over the future of the troubled asset.

Glencore Plans to Shut Giant Cobalt and Copper Mine in ...

Aug 07, 2019 & 0183;& 32;The announcement that Glencore will close its Mutanda mine in the Democratic Republic of Congo is expected to come as the company lays out …

Glencore′s closure of Congolese cobalt mine ′could ...

The plummeting price of cobalt has been blamed for the closure of the giant Mutanda mine, but other factors are at play. Owner Glencore is struggling to get the DRC's new president to overturn a ...

Glencore copper mine closure prompts Zambia dispute ...

& 0183;& 32; Glencore has plunged itself into a dispute with the government of Zambia after the company said it was closing its copper business in the country for three months because of low commodity prices ...

Glencore to Close Massive Mine as Economic Woes Hit ... - WSJ

& 0183;& 32; Aug 07, 2019 & 0183;& 32;Glencore’s first-half earnings fell by a third and the commodities giant said it is closing one of its largest copper and cobalt mines, as concerns over the global economy and the trade war ...

Glencore Plans to Shut Giant Cobalt and Copper Mine in ...

06/08/2019 & 0183;& 32;The announcement that Glencore will close its Mutanda mine in the Democratic Republic of Congo is expected to come as the company lays out an overhaul of …

Glencore Is Close to Selling Troubled Zambian Copper …

Bloomberg -- Glencore Plc said it’s in the final stages of agreeing to sell its stake in Mopani Copper Mines Plc to the Zambian government, ending months of uncertainty over the future of the ...

Glencore is close to selling troubled Zambian copper mine ...

Glencore said Friday it is in final-stage negotiations to sell the 90 per cent holding it owns with Vancouver-based First Quantum Minerals Ltd. to state-owned ZCCM Investments Holdings Plc, which already owns the other 10 per cent. Glencore did not provide details on the value of the sale.

Glencore reportedly closing DRC copper-cobalt mine ...

Katanga yesterday reduced its 2019 production guidance, from 285,000t of copper and 26,000t of cobalt, to 235,000t and 14,400t respectively. However it said initial indi ions from the business ...

Glencore shuts Zambia copper mine over coronavirus, prices

08/04/2020 & 0183;& 32;Mining giant Glencore shut its Zambia copper mine on Wednesday for three months following a slump in the market and disruption caused by coronavirus, raising the ire of the government and unions. Glencore operates Mopani Copper Mines MCM in the towns of Mufulira and Kitwe in Zambia's Copperbelt. "We have shut down the operations at both Mufulira and Kitwe," a company …

Glencore to Close Massive Mine as Economic Woes Hit ... - …

Glencore’s first-half earnings fell by a third and the commodities giant said it is closing one of its largest copper and cobalt mines, as concerns over the global economy and the trade war ...

Glencore boss bemoans trade war as Congo mine faces …

07/08/2019 & 0183;& 32;Glencore's chief executive bemoaned the effect of a global trade war while defending plans to shut one of the world’s biggest cobalt mines in the face of sliding prices.

Glencore Is Close to Selling Troubled Zambian Copper Mine

Mopani was once central to Glencore’s plans to turn around its African copper business that’s been dogged by problems in recent years. The company spent billions of dollars to sink new shafts and, once fully up and running, the mines should produce about 140,000 tons of copper a year, compared with just 51,000 tons in 2019.

Glencore's Mutanda mine in Congo shuts down a …

Glencore's Mutanda mine in Democratic Republic of Congo has suspended operations prematurely due to difficulties procuring sulphuric acid, a key input for copper and cobalt extraction, its Mutanda ...

Glencore to shut Zambia copper mines - MINING.COM

07/04/2020 & 0183;& 32;Miner and commodities trader Glencore LON:GLEN has declared force majeure at its Mopani Copper Mines unit MCM in Zambia and plans to …

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