Africa Business

Glencore’s operations in Zambia to resume temporarily

Mopani Copper Mines (MCM), a subsidiary of Glencore Zambia will resume mining operations for 3 months the local firm said. The scheduled shutdown to place its mining operations on care and maintenance is still expected to take effect.

Glencore’s original announcement that it planned to put MCM under “care and maintenance” due to the coronavirus crisis and other issues sparked a backlash from Zambia’s government, which threatened to revoke its licences for not giving enough notice.

“During the 90-day period, MCM will continue to engage with the Zambian government on potential solutions to its current challenges,” the company said in statement.

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Mines Minister Richard Musukwa said the government would continue dialogue with MCM to understand what it was facing and seek a sustainable solution going forward.

“A multisectoral team will work with Mopani to critically analyse the entire mine value chain to structure a survival plan,” he said in a statement.

In addition, Zambia would continue to create a conducive investment climate, which promotes sustainability and encourages growth in mining through reduced costs, Musukwa said.

Source: Mining

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