Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! “As of now, we are discussing a potential sale of their stake in Mopani,” said one of the sources. GLENCORE may sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government, said Reuters citing two sources with direct knowledge of the matter. These small-scale farmers were caught hunting for minerals in South Ore Body sinkhole in Wusakile consistency that had been buried for safety reasons. Mines Minister Richard Musukwa said at a briefing this morning that Mopani’s majority shareholder, Glencore, had informed him of the decision via a video conference that the decision was caused by falling copper prices and disruptions in international mobility. Mining Licensing Committee secretary Michael Chibonga sent a notice dated 14 April to Mopani chief executive Nathan Bullock. Editor's Note: With so much market volatility, stay on top of daily news! A Glencore spokesman declined to comment. The buyer would be ZCCM-IH, […] ‘’The money is aimed at empowering small-scale miners to be able to And Musukwa says if the mine goes ahead to lay off over 11,000 workers, it will be met by the full force of the law. Zambia intends to revoke the mining licenses of Mopani Copper Mines (MCM), a subsidiary of Glencore, as the firm did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. Mopani Copper Mines has announced it is to re-start mining operations this Wednesday and issue a notice of its intention to place the mining operations on care and maintenance after 90 days. According to a statement, Bullock takes over from Chris Vermeulen, who left Mopani Copper Mines Plc in July, 2019. - Glencore has been locked in a bitter dispute with the other owners of the mine its plan to mothball Mopani’s operations. Mopani copper mine has proposed to Government to put the mines in Kitwe and Mufulira under care and maintenance. MINES minister Richard Musukwa has protested a decision by Mopani Copper Mines to put the Kitwe and Mufulira mines on care and maintenance for three months subject to review, saying their reasons are not compelling. February 27, 2014 News Comments Off on Mopani Copper Mines copper output rises 12 percent, says report Glencore Xstrata increased its copper outturn by more than 12 percent at its Mopani Copper Mines in Zambia last year compared to a year earlier, as expansion bolstered by investment in the local unit rose; company says. Association of Mine Suppliers and Contractors President, Augustine Mubanga who declined to name the 4 contractors, confirmed to phoenix news that the association is privy to information that the companies in question intend to sue Mopani Copper Mines in their individual capacity although no official communication has been made to the association. In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM) comprising underground mines, a concentrator, a smelter and a refinery at Mufulira mine site and underground mines, open pits, a concentrator and a cobalt plant at Nkana mine site in Kitwe. In a bid to empower small-scale miners, Mopani Copper Mine has given a sum of K1.7 million to small-scale miners. Mopani Copper Mines Plc has announced the appointment of its new chief executive officer, Nathan Bullock, who joins the company from BHP Olympic Dam Mine in Australia. 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