[email protected]

Tag Archives: Mopani Copper Mines

26Nov/15

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

November 26, 2015EconomyBusiness/Finance, Canton of Zug, Companies, Edgar Lungu, Glencore, Glencore PLC, Glencore's, Industries, Lusaka, Mining, Mining in Zambia, Mopani, Mopani Copper Mine, Mopani Copper Mines, Zambiasmbale

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

October 18, 2015EconomyAfrica, Brenda Nglazi Zulu, Chileshe Musonda, Copperbelt Energy Corporation, Countries, Danstan Kaunda, electricity, Fackson Shamenda, Geography of Africa, Glencore, Jumana Farouky, Kafue, Kafue Gorge Lower Power Station, Kariba, Kenneth Kaunda, Laurie Goering, Lusaka, Mopani Copper Mines, North Power, Readley Makaliki, Reuters, Thomson Reuters Foundation, usual energy production patterns, Zambia, ZESCOsmbale

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

October 12, 2015FinanceAustralia, BAAR, BGC Partners, Canton of Zug, Chemical elements, Chemistry, Chile, China, Copper, Democratic Republic of Congo, Dietary minerals, Futures markets, Glencore, Katanga Mining, LME Zinc, London Metal Exchange, Mike Ingram, Mopani Copper Mines, Physical sciences, Switzerland, Transition metals, Zambiasmbale

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

September 7, 2015FinanceBAAR, BHP Billiton, Billiton, Canton of Zug, Coal companies of Australia, Companies, Companies listed on the New York Stock Exchange, Dan Gertler, DARREN SINDEN, Democratic Republic of Congo, Dividend, Glencore, Glencore PLC, Glencore's, Industries, Israeli Jews, Ivan Glasenberg, Katanga Mining, Mining, Mopani Copper Mines, Rio Tinto, Switzerland, Xstrata, Zambiasmbale

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 →