Permanent Secretary of Zambia's Ministry of Mines: Glencore hopes to restart Mopani Copper this week

Published: Apr 20, 2020 08:17

Source: SMM compilation

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Barnaby Mulenga, permanent secretary of Zambia's mining ministry, said on Sunday that Glencore hoped to restart its subsidiary MCM (Mopani Copper Mines) this week. A Glencore spokesman did not comment on whether he wanted to restart MCM.

SMM4, March 20: Barnaby Mulenga, permanent secretary of the Zambian Ministry of Mines, said on Sunday that Glencore hopes to restart its subsidiary MCM (Mopani Copper Mines) this week.

Earlier, Glencore announced that MCM was in a state of overhaul, causing tensions with the Zambian government. It has been reported that Zambia intends to revoke the mining license of Mopani Copper Mine.

Zambia plans to revoke mining license for Glencore's Mopani Copper Mine

Barnaby Mulenga added that the Zambian government would like to see a win-win situation while respecting investors, but we also need to protect the interests of the Zambian people.

A Glencore spokesman did not comment on whether he wanted to restart MCM.

MCM produced a total of 119000 tons of copper in 2018 (natural year);, Mopani Copper copper production is expected to be 50, 000 to 70, 000 tons in fiscal year 2020.

"Glencore discusses with the Government of Zambia the overhaul of the Mopani copper mine

"Glencore's copper company declared force majeure rejected by the Zambian mining sector

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