Tag Archives: Mopani Copper Mines

26Nov/15

Glencore’s Zambia copper mining unit lays off 4,300 workers – company and union sources

Lusaka, Zambia (Reuters) – Glencore’s Zambian unit has laid off 4,300 workers, union and company sources said on Tuesday, as the mining and trading company deepens cuts in copper output to support flagging prices.
Continue reading

18Oct/15

Low rainfall and crippling power shortages hit Zambia’s economy

LUSAKA, Zambia Oct 15 (Thomson Reuters Foundation) – Brenda Nglazi Zulu has tried to adapt to the power cuts that sometimes leave her home in the capital Lusaka without electricity for half the day. She bought a gas stove and installed solar panels to help keep her lights on.
Continue reading

12Oct/15

Copper gains on output cuts but China worries persist

Mining giant Glencore looks to sell copper mines in Australia and Chile to reduce its debt.

Continue reading

07Sep/15

Glencore to suspend dividend, sell new shares to cut debt

Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.

Continue reading