Zambia to decide on new investor for Mopani copper mine in October

Published: Oct 11, 2023 16:44

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According to foreign media on October 10, market participants said that the Zambian government is expected to make a final decision this month on the sale of Mopani Copper Mines, which it will purchase from Glencore in 2021.

Zambia's Mining Minister Paul Kabuswe initially said a new investor in the copper mine would be selected by the end of July. The copper mine is currently struggling to make a profit.

Zambian President Hakainde Hichilema wants new investors in Africa's second-largest copper producer and plans to triple output. Copper is critical to Zambia's transition to clean energy and the growth of battery electric vehicles.

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