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.
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