Glencore Mining Inzambia

Aug 26, 2020 Zambia’s state-owned mining investment company is seeking to buy a controlling stake in Glencore Plc’s local copper unit to keep the operations running and protect jobs, Mines …

Jan 19, 2021 Glencore has announced that its subsidiary, Carlisa Investments Corp. (Carlisa), in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments Holding plc (ZCCM) to transfer its 90% interest in Mopani Copper Mines plc (Mopani) to ZCCM, the owner of the remaining 10% interest in Mopani, for US$1 and the Transaction Debt.

Jan 19, 2021 Zambia takes on $1.5 billion debt to acquire Glencore’s Mopani mine. ZCCM-IH has agreed to take over Glencore’s majority stake in Mopani Copper Mines …

Jun 22, 2021 Glencore is pleased to confirm the commissioning of operations at the Mutanda Mining (MUMI) mine by the end of 2021, in order to allow the return to production for the year 2022. MUMI as well as KCC play a role important in global energy and mobility transitions, thanks to the high-quality copper and cobalt produced by both operations.

Economic slavery: Glencore in Zambia. Good Copper Bad Copper is an explosive documentary released on YouTube earlier this year, bringing to light the social, economic and environmental plundering of Zambia by the larger multinational mines, specifically Glencore's Mopani mine in Mufulira. The documentary examines the relationship between trade ...

Glencore.com. 2 days ago. Our purpose – to advance everyday life by supplying the commodities needed to develop, sustain and improve the world around us – is one that requires complete commitment across our operations. In the coming weeks we’ll be showing how our people, guided by our Values, are making sure we achieve our goal.

Jan 22, 2021 State-owned Zambia Consolidated Copper Mines Limited (ZCCM) this week agreed to take on $1.5bn of debt and pay a nominal $1 to take over a 73% stake in Mopani Copper Mines from Swiss commodities trader and mining company Glencore. The agreement adds to the debt liabilities of a country that in November became the first African country to ...

Apr 15, 2020 Glencore (LSE: GLEN) said it was in discussions on “the way forward” in Zambia as it reiterated the majority of its operations had not been materially impacted by …

Suppliers. Our suppliers are critical partners in our commitment to operate in a manner that is responsible, transparent and respects the human rights of all. Through our Supplier Standards, we set out our expectations for ethical business practices, safety …

Sep 18, 2016 91. Toxic fumes from one of Glencore’s copper plants in Zambia caused the death of a politician, the African country’s high court said, in a ruling that could trigger fresh claims against the ...

Apr 16, 2011 Glencore denies allegations over copper mine tax This article is more than 10 years old World's largest commodities broker rejects claims in leaked review of Zambia operation's accounts

Jan 25, 2021 Glencore announced that its subsidiary, Carlisa Investments Corp. (Carlisa), which holds 81.2% of the shares in Glencore, has entered into an agreement with ZCCM Investments Holding plc (ZCCM) to transfer its 90% interest in Mopani Copper Mines plc (Mopani) to ZCCM, which is the owner of the remaining 10% interest in Mopani, for US$1 and the Transaction Debt.

Jan 19, 2021 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. In a statement capping a …

Apr 07, 2020 Miner and commodities trader Glencore (LON:GLEN) has declared force majeure at its Mopani Copper Mines unit (MCM) in Zambia and plans to suspend operations in the country for three months, mines ...

Aug 27, 2020 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 …

Jan 21, 2021 Glencore makes drastic exit. By Chantelle Kotze. Jan 21, 2021. www.123rf.com. The drastic decline of Zambia’s mining sector was never more apparent than it was this week when Glencore announced its exit from the country by selling its stake in Mopani Copper Mines for one meagre US dollar to state-controlled investment vehicle ZCCM Investment Holdings.

Jan 19, 2021 Glencore has trimmed its tail of assets with the sale of a struggling Zambian copper business to the government in a $1.5bn deal. The sale of its majority stake in Mopani Copper Mines comes after Glencore tried to suspend operations last year, triggering a furious row with Lusaka, which threatened to revoke its licences and […]