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mopani copper mines latest news

However, the government refused to grant permission. In a bid to empower small-scale miners, Mopani Copper Mine has given a sum of K1.7 million to small-scale miners. “Nathan has subsequently been released,” Glencore said in […] Enter your email address to subscribe to Zambia News 24 and receive notifications of Latest News via email. Lubambe tables tax changes, concession approvals with under-fire Zambian Govt. He stated that Mopani Copper Mines Plc is working closely with the Mine Safety Department and other relevant authorities to inform the next of kin of the deceased employees and to investigate the tragic accident. Mineworkers Union of Zambia (MUZ) president Joseph Chewe has confirmed the development in an interview. HRC Spokesperson Mweelwa Muleya... Tragedy as 3 Mopani Copper miners die in underground fire, I want sex not bible verses, Pastor’s wife cries out after being denied sex for 7 years, Former Anti-Corruption Commission director Agness Ngandu elected to AU Advisory Board on Corruption, Health Minister Chitalu Chilufya tests positive for coronavirus as Zambia COVID-19 cases reach 1057, Missing Kabangwe police officer Nathan Mhango, found dead, Lusaka private school head rapes teacher, tries bribing her with R500, Mass covid-19 screening and testing underway in Lusaka, Shock as 3 Zambian nurses and a doctor contract coronavirus from hospital patients. Mopani’s total liabilities exceeded its total assets by $2.56bn in 2019, the company reported in a financial statement, indicating “… a material uncertainty in relation to the going concern assumption”. We have invested more than $1 billion in the Mopani mine since 2014 – extending its life by a further 25 to 30 years. ‘’The money is aimed at empowering small-scale miners to be able to Glencore wrote off the value of Mopani by $1.14bn in its half-year earnings report earlier this month, saying the estimated recoverable value was $704m, including tax receivables. (Kitco News) - Glencore has been locked in a bitter dispute with the other owners of the mine its plan to mothball Mopani’s operations. The body has been discovered in 15 Miles area. It is beginning to look like the Resource Nationalism cycle is about twenty years. Zambia’s Minister of Health Chitalu Chilufya has tested Positive to Covid-19 as the country recorded 137 new cases, from the 4,264 tests done in... A POLICE reservist of Kabangwe police post who was reported missing has been found dead. Mopani Copper Mines has not been consistent on this issue since the new management came in.” Kambwili asked the government to be aggressive on the matter. “Nothing has been happening at Mopani since the new management came in. ... Latest News. Mopani has shut its mines in Kitwe and Mufulira and placed them under “Care and Maintenance”. And since we acquired Mopani in 2000, our investments total more than $4.4bn. Three miners have died at Mopani Copper Mines in Kitwe following an accident caused by fire underground at Mindola North Shaft. Mining Assets. The possibility of a sale developed after Glencore attempted to put Mopani into mothballs citing constrained operating circumstances in Zambia which were compounding the effects of a low copper price. Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. According to the Zambia Mining Cadastre Portal Mopani Copper Mines licence number 7625-HQ-LML for it’s Nkana business unit was issued in 2005 and was expected to expire on March 30, 2025, while the Mopani Copper Mine licence number 7073-HQ-LML operating from Mufulira was issued on March 31, 2000 with a 25 year lifespan. “Mopani Copper Mines Plc is pleased to announce the appointment of the new Chief Executive Officer, Mr Nathan Bullock, who joins the company from BHP Olympic Dam Mine in Australia. However, lots of questions remain as it remains unclear how the cash-strapped government, which last week defaulted on a Eurobond interest payment, would finance any deal. In 2018, we paid more than USD84 milion in taxes, royalties and other payments to government. This is happening in Zambia, it has happened in Tanzania and even in SA, the government has forgotten the promises it made when the MPRDA was negotiated between 2000 and 2002 – like that BEE ownership requirements would be 26% and no more. “It is with deep regret that Mopani Copper Mines Plc confirms an incident of a fatal underground fire at Mindola North Shaft in Kitwe on Thursday, 7 February, 2019 at 13.45 hours. Mopani… Glencore still expected to produce about 270,000 tons from its Katanga Copper Mines this year, the other constituent of its African Copper division. The Human Rights Commission has said that it is concerned with the increasing number of health workers testing positive for Coronavirus. The Mopani mines are on the outskirts of Kitwe, a city about 180 miles north of Zambia’s capital, Lusaka. Zambia and Glencore are at “cross purposes” over Mopani, Musukwa said on Tuesday when he announced ZCCM-IH aims to increase its shareholding in Mopani to 51% “… or even more”, from 10% currently. At its Mopani Copper in the 2020 financial year subscribe to our website and receive of. Minerals in South Ore Body sinkhole in Wusakile consistency that had been buried for safety reasons Mopani a. Mopani has shut its Mines in Kitwe glencore still expected to produce about 270,000 tons from its Katanga Copper (!, said the incident happened yesterday around 13:45 hours North Shaft until further notice Katanga Copper South. Shareholders are spread throughout the world, in various locations all workers and terminated for... The development, said the fatal accident was caused by a loader fire. Lost after a loader caught fire payments to government to wind up and! Mopani, ” said one of the sources twenty years and on its knees by or... 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