Dec 4 (Reuters) – * GLENCORE IN TALKS ABOUT A SALE OF MOPANI COPPER MINES TO ZAMBIAN GOVERNMENT – INVESTOR PRESENTATION * GLENCORE SAYS IT REMOVES MOPANI COPPER MINES FROM 2021-2023 PRODUCTION GUIDANCE Source text for Eikon: Further company coverage: [ ] (Reporting by Helen Reid and Zandi Shabalala) Copper pricing. Yesterday, Mopani Copper Mines … Lusaka. a joint venture company comprising major shareholders Glencore, First Quantum Minerals Ltd and ZCCM Investment Holdings, owns operations in Mufulira and Nkana on the Copperbelt in Zambia. Location: Kitwe, Zambia Drilling services for long hole mining method. Together we can, and Zambia Shall be Saved. We equally take cognizance of the recent developments in the relations between government and the mines with specific mention here of the Vedanta Resources run Konkola Copper Mines which was forced into provisional liquidation, a dispute which has ended up in court and actively so, to this day. The Mining Houses and the entire business community must also rise above their own fears that government is just out to get them and grab the mines by force. How have you contributed to Zambia's economy? Mopani Copper Mine is an integrated copper and cobalt producer located in the Copperbelt of Zambia. Dear Sir, Flights are all over if you care to track them live. See more of Mopani Copper MINES PLC on Facebook. About See All. Zambian official says Glencore reverses plan to shut Mopani operations. Auxiliary services for installation and maintenance of the water, air and pumping system. Underground excavations for mine preparation and development that includes mechanized loose scaling in sections of 5.0 m x 5.0 m, 4.7 m x 4.7 m and 4.5 m x 4.5 m mainly. Drilling services for long hole mining method. I don’t think the govt needs patronising, they are aware of the content of this University entry level essay. We also appreciate the role that the Copperbelt and the the role which its underlying economic mood at any time plays in the political dispensation and we fully understand why the government would be quick to try and issue a warning to MCM in light of this. This is what we call true checks and balances critising with offerin a solution, bear in mind the issue of industries collapsin its not only in zambia by globary. “Yesterday [Wednesday], Mopani Copper Mines (MCM) announced that they were proceeding with their plans to place the operations of the mining giant under ‘Care and Maintenance’. Claim This Listing. Minority shareholders are spread throughout the world, in various locations. Mopani Copper Mines Plc 1.2 Address of Developer Mopani Copper Mines Plc Corporate Office Nkana West Corner of Central Street and 5th Avenue P. O. MCM owns the mines at Nkana and Mufulira, both situated in the Copperbelt, a mineral-rich area stretching across a part of Zambia and the Democratic Republic of Congo. Offering a high accuracy holes drilling. Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambia’s mining … Recent Posts. We wish to advise and warn our colleagues in the Patriotic Government that they should not mishandle this matter or fall for the temptation to start playing politics. Glencore’s decision to halt production at Mopani adds to a list of copper mines that are either operating at reduced capacity or have been taken offline. Forgot account? This may be inevitable in the face of the world crisis due to the Covid 19, but it also continues to bring to the fore how over dependance on foreign investors can dictate how we run our country and how ultimately we can become captured as a state. File picture: Ahmad Masood. Kz, As usual, Nervers is just playing politics and seeking attention. The production quantity that would be lost due to the suspension was not clear, Reuters reported. As an investment company, having been transformed from a huge operating mining conglomerate involved in sponsoring… 39144 0 Share ZCCM Investments Holdings Plc (ZCCM-IH) owes its continued existence, to the mining industry, where, at the moment, virtually all of its investments are held. We have Clients such as Mopani Copper Mines by Glencore, Konkola Copper Mines by Vendeta, Lubambe Copper Mines, Hindustan Zinc Limited and Alphamin Resources in the Congo. “Mopani Copper Mines Plc held a number of meetings with Government Ministries on 6 April 2020 in which it provided an update of its comprehensive operational review. Independence Avenue, 1. (operator) 100 %: Direct: Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10%), Glencore Plc (73.1%) and First Quantum Minerals Ltd (16.9%). The proceeds from copper was going to the BOZ directly unlike the situation now where we only collects crumbs and cessation of corporate responsibility leaving the once glorious mine townships looking like ghost towns. Have they put all their mines on C&M outside Zambia since COVID-19 is worldwide? All content is posted anonymously by employees working at Mopani Copper Mines. or. However, on this one it’s inevitable.My goods are also stuck in China because most airlines have suspended flights. Mopani is too quick to act whenever the business environment isn’t suitable. Offering a high accuracy holes drilling. All of a sudden the Patriotic Front and its government have so much money to throw around to the Zambian voters.... 4th January, 2021 Box 22000 Kitwe, Zambia 1.3 Telephone Number of Developer +260 2 247000/247002 1.4 Fax Number and Electronic Mail Address +260 2 220725 mopani@mopani.com.zm 1.5 Name of Owner of Mine Mopani Copper Mines Plc, Comprising The … Kitwe, Zambia • Identify hazards and deviations from safety standards by means of regular inspections and submitting reports for action to be taken. Even DHL has failed to courier my goods. This is a real issue and it can be resolved, but only on a round table. At the same time, the Government of the Republic of Zambia, through the Mines Minister, Honourable Richard Musukwa, has issued an official statement rejecting this position and accusing the mining company of ‘fishing for reasons’ to shut down the mine against any legal provisions. Underground excavations for mine preparation and development that includes mechanized loose scaling in sections of 5.0 m x 5.0 m, 4.7 m x 4.7 m and 4.5 m x 4.5 m mainly. So if Mopani continues with production where are they going to store the copper? Service of equipment hiring such as Loaders, Dump Trucks and Drill Rigs with high availability. Mopani copper mines PLC is a good company now people who are in front are selfish, if they change the Management will be highly better for mopani copper mine PLC to go higher. A win-win approach can bring about a solution that both keeps the jobs and helps the mines survive this turbulence. 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 … Finally lets have a Commission of Inquiry on Privatization to see the root cause of our misery today to avoid future occurence. Glassdoor gives you an inside look at what it's like to work at Mopani Copper Mines, including salaries, reviews, office photos, and more. Copper prices have exhibited tremendous variability since 2003, including in 2006 to 2009, the years at issue in the Mopani copper mines dispute. This means we have insufficient cushioning to sustain a stable exchange rate, as well as to cover for our critical imports including FUEL, OILS and GAS. Location: Kitwe, Zambia Commerce is still going on albeit at a slower rate. To us in the MMD, this means that the mining company is willing to adopt a win win option where both company and employees survive as they try to deal with the obvious disruption the mining businesses all over the world are facing. Location: Kitwe, Zambia Government must instead start to see this as an opportunity to change the negative image that they created in the international business community of being an intolerant government only out to re-nationalise the mines by force in the way they handled the KCM issue. It is obvious our country lacks a bold and prudent leadership but then Zambians are cautious and tend to adopt the philosophy of “better the devil you know’ and hence we are laden with mediocrity and forever losing recovery time …God help us. Physical Address: Corporate Office Central St Nkana West, Kitwe, Zambia. This came about by that reckless privatization where we sold the assets for a song. The PF government last evening detained Mopani Copper Mine CEO as he tried to leave the country . The Drug Enforcement Commission in Lusaka has arrested Seven (7) people who include three (3) University of Zambia (UNZA)... By Fred M'membe The picture that the above Five points paint is very gloomy and delicate. Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10 per cent), Glencore Plc (73.1 per cent) and First Quantum Minerals Ltd (16.9 per cent). MCM, which produced 119,000 tonnes of copper in 2018, is 73.1-per-cent owned by Glencore, 16.9-per-cent by First Quantum Minerals and 10-per-cent by Zambia’s mining … Unique expertise. I would honestly love to see the PhD thesis for all politicians with “Doctorates”. Fax: +260 21 224 7445. Zambia’s Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. Yesterday, Mopani Copper Mines (MCM) announced that they were proceeding with their plans to place the operations of the mining giant under “Care and Maintenance”. By: Cecilia Jamasmie, Mining.com November 20, 2020. ZCCM-IH is said to have concluded talks over buying of shares in Mopani Copper Mines. (operator) 100 %: Direct: Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH (10%), Glencore Plc (73.1%) and First Quantum Minerals Ltd (16.9%). Page Transparency See More. It is these fears that will hinder proper conflict resolution. Mopani Copper Mines PLC ("Mopani") is a Zambian registered company owned by Carlisa Investments Corporation (a joint venture company comprising Glencore International AG (73.1%) and First Quantum Minerals Ltd (16.9%)) and ZCCM-IH (10%). In their statement, Mopani Copper Mines says it can “no longer continue its operations in a Covid-19-stalled environment as a result of the critical disruptions to international mobility, transportation and supply chains arising from COVID-19.”. Offering a high accuracy holes drilling. P 0 Box 22000, Kitwe. Similar Results . We mine and process copper ore in the key mining regions of Africa, Australia and South America. Mopani should not play monkey tricks. Mopani Copper Mines. Stuff happens, our affairs were not in order and we been caught with our pants down…..once again. “Nathan has subsequently been released,” Glencore said in a statement, adding that Mr Bullock had been on his … Mopani Copper Mines plc. The Mines were wholly Zambian owned and we saw the benefits that accrued to the country that included education, sport, social responsibility etc. ZAMBIA’S permanent secretary in the Ministry of Mines expected the country would finance the purchase of a larger stake in Mopani Copper Mines from Glencore despite it having defaulted on a Eurobond interest payment last week.. Barnaby Mulenga told Bloomberg News the state-owned ZCCM-Investment Holdings would build on its 10% share in the struggling copper mine. Zambia's Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. - Glencore has been locked in a bitter dispute with the other owners of the mine its plan to mothball Mopani’s operations. Glencore said Nathan Bullock, the chief executive of Mopani Copper Mines, had been held at Lusaka airport in connection with its decision to shutter the business for three months. We are concerned with the culture of deliberate economic sabotage being peddled by the Patriotic Front (PF) regime against... By Sean Tembo Employees and their dependents will continue to access health care and Mopani will remain committed to its corporate social responsibility projects. SMS EMAIL Related services BOOKMARK Share. Yesterday, Mopani Copper Mines (MCM) announced that they were proceeding with their plans to place the operations of the mining giant under “Care and Maintenance”. Imagine Chakolwa Chagwa Agwa as president coming is with Kainyo Zulu as special advisor dealing with Mopani, it’s like expecting two baboons to fix a car mechanical problem, no ways! The tragedy of Zambia today is that you have people with zero management or leadership history wielding power in the corridors of state. Community See All. This is despite protests by Zambian suppliers. If they could disrespect a VP how about a mere Minister. According to Ministry of Mines Permanent Secretary Mr. Barnaby Mulenga in an interview with Bloomberg last week where he indicated that ZCCM-IH was expected to conclude talks with Glencore within a month. Drilling, charging and blasting services for long hole mining method. This time, we must choose to walk hand in hand with the Mopani management and find a way to keep all the 14,000 jobs despite the COVID-19. This mine belongs to the consortium Mopani Copper Mine (MCM), whose main shareholder is the Swiss firm Glencore. We can’t walk around stating the obvious. Don’t just criticize for the sake of it. As Patriots for Economic Progress (PeP), we have decided to develop an Alternative Economic Recovery Plan (AERP) for Zambia which will... ZNBC workers have not been paid their March salaries, Government hands over Buses and and Power Generators to Zambia Correctional Service Command in Kabwe, Three UNZA tudents and Four others Arrested for Drug Trafficking, People Allegedly Refusing to get Tested for Covid-19 in Northern Province, Increased Number of Tavern Operators Openly Selling Kachasu raises Concern, DEC rehabilitates 42 ‘70 Babies’ gang members, Chiyangi Laments Another Eagles Continental Exit, All of a sudden the PF have so much money to throw around to the Zambian voters, HH’s Full Letter to Human Rights Commission to Investigate Extra-judicial Killings, UPND is Concerned with the culture of deliberate economic sabotage being peddled by PF, The President has surrounded himself with incompetent Ministers and Advisors, the country cannot develop. COVID 19 will fix Lungu in 2021 elections, ba PF come 2021 kano lunyee bebele tuf.ikala imwe! The Human Rights Commission Photo credit: ZCCM Investment Holdings. All industries world wide are affected. What more can anyone want given the economic climate ? Mopani Copper Mines. 108 people follow this. To their credit, Mopani have also announced that 5,000 of their permanent Zambian employees, excluding management, will be sent home on their base salary. Log In. No amount of round table meetings will sawy the Glencore board. 1). We mine for copper in Zambia through our majority shareholding in Mopani Copper Mines – situated in the north of the country near the city of Kitwe, in the African Copperbelt. It is disheartening to see how clueless the alternative rulers are. Mopani announced the shaft closures on Thursday in a move that an opposition leader said had led to 1,400 job losses. When Zambians are idle they’re very destructive. The Mufulira mine borders on the towns of Kantanshi, Kankoyo and Mufulira. 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