Who owns mopani copper mines Abu Dhabi-based International Holding Company PJSC is set to buy a stake in Zambia’s Mopani copper mine, securing access to the metal that’s key to the energy transition as fears grow over future supplies. and Abu Dhabi’s International Resources Holding respectively — to ramp up production. In Zambia, the company owns Mopani Copper Mines encompassing mining sites of Mufulira and Nkana, one of the main producers of copper and cobalt in Zambia. Appreciate effort and recognize employees [] H. This is an increase of $223. ” By BUUMBA CHIMBULU. Keep each other informed on how we are doing. “Mopani will repay the remaining debt of $1. Mopani Copper Mines PLC has since 2014 sunk and equipped three (3) brand new shafts to replace the old infrastructure at both Nkana and Mufulira mine sites, which dates back to the 1930s. Mopani Copper Mines Plc is a Zambian registered copper mining company owned by Carlisa Investments Corporation (90%) and ZCCM-IH (10%). 5 billion in Mopani. (+260 212) 247344 ; public. Stealing Mopani-Who owns Mopani Copper? Glencore invested $4. The mine’s recent sale to International Resources Holdings D elta Mines Ltd. Saudi venture buys 10% of world’s largest copper maker; Middle East craves a copper-bottomed future; Abu Dhabi’s IHC forms $27bn holding company 2PointZero Zambian copper mining company ZCCM Investments Holdings (ZCCM-IH) and Abu Dhabi miner International Resources Holding RSC (IRH) have acquired a 51% interest in Mopani Copper Mines (MCM) in Zambia. Government owns the mines but it is not the one that has borrowed the money. The Company’s Success has been as a result of its Focused approach to MOPANI STARTS PAYING OFF CONTRACTORS & SUPPLIERS Mopani Copper Mines PLC has started clearing the outstanding payments to contractors and suppliers following the inflow of funding from ZCCM-IH’s new Uf(SDŠÚ ¢´ôþ0 @¬I? T- 2/XýñëÏ?ÿý ðÁh2[¬6»Ãér{¼>? O¾ï¬ï2³ ÿŠ˜:Ö"É’Ÿ‰]5Ë³Ë Ž´÷ ¹ŒlËÁà×Z Ijüg6ëï}9 Ï|—4 -0 ,^\ tÂ2 China's Zijin Mining and Norinco Group, South Africa's Sibanye-Stillwater and an investment vehicle owned by former Glencore officials have been shortlisted in the race to buy Zambia's Mopani Zambia is also counting on the Konkola and Mopani copper mines — under the control of Vedanta Resources Ltd. 8m on the previous year’s $74. Abu Dhabi, UAE – 22 March 2024 – International Resources Holding (IRH) is excited to formally announce the completion of its acquisition of Mopani Copper Mines in Zambia. If big companies slow down on big investments because of Mopani Copper Mines' fate, MOPANI CENTRAL TRAINING CENTRE Mopani Central Training Centre (MCTC) is a state-of-the-art world class training facility and one of the best mining orientated training facilities in Zambia and beyond. “Copper is clearly a metal of the future, and its supply chain is one which the Government of India is This move was aimed at bolstering its copper interests in Zambia, the company having already secured a 51% stake in Mopani Copper Mines in March 2024. Charles Sakanya (right), outlined Mopani’s strategic vision to contribute to the attainment of the Government’s 10-year plan to ramp up annual copper output to over 3 million metric tonnes at the just-ended Zambia International Mining and Energy Conference (ZIMEC) held at Kitwe’s Garden Court Hotel under the theme: “Investing in Zambia, Mine to On 19th January 2021, Minister of Mines Richard Musukwa announced the Government’s strategic step to own 100 percent shares in Mopani Copper Mine through the state mining investment arm, ZCCM-IH. Charles Sakanya, has reaffirmed the importance of resilience, teamwork and integrity at the workplace as cornerstones of the company’s future success. We have enjoyed a long history with this proud African nation and its people, and I look forward to forging even stronger ties with Zambia in the decades to come. This mine belongs to the consortium Mopani Copper Mine (MCM), whose main shareholder is the Swiss firm Glencore. International Holdings Resources (IHR) is the new investor in Mopani Copper Mine and is expected to pump in US$1. Review the Further Cautionary Announcement which was issued by ZCCM Investments Holdings regarding the acquisition of 90% of Mopani Copper Mines on March 10, 2021 it was stated that: ”The acquisition of 90% of the issued shares in Mopani will result in ZCCMIH being the holder Mopani Copper Mines PLC operates three Concentrators; two at Nkana Mine Site in Kitwe and one at Mufulira Mine Site. Zambia expects to decide on an investor to take over Mopani Copper Mines by the end of this month from a shortlist of four companies, the country’s Finance and National Planning Minister said. 89% of Copper grade. 1 billion in Zambia's Mopani Copper Mines in return for 51% ownership of the business, the state-owned ZCCM The future of Mopani Copper Mines Plc lies in the expansion projects that the company has been undertaking since 2013 with a view to extending the lifespan of the mine by over 25 years. They account for around 80% of Zambia’s annual copper production. This world-class training centre has both full scale underground and In May 2022 Mopani Copper Mines announced its intention to restart processing cobalt on account of the rising prices of the metal which it halted more than a decade ago after Rokana Mine is a mining company that owns Mindola Underground Mine, which mines minerals such as carrollite, chalcopyrite and libethenite. Mariam Almheiri, Group CEO 2PointZero, commented: "As we embrace sustainable mining practices at Mopani Copper Mines, our focus extends beyond responsible resource management to include The Zambian government owns a 20 per cent stake in Lubambe through state IRH has previously staged a last minute buyout of a 51 per cent stake in Zambia’s Mopani Copper Mines last The miner owns an 80% stake in the KCM and Zambia The Abu Dhabi company wants to build up its copper mining business in Zambia after buying a 51% stake in Mopani Copper Mines in a deal worth Mopani Copper Mines, once a flagship of Zambia’s mining industry, has become a subject of heated debate and controversy. “Becoming a world champion mine means excelling beyond industry norms. In 2022, the company produced 72,694 metric tons of copper. 2% of the shares, has completed the sale to ZCCM Investments Holdings plc of its 90% interest in Mopani Copper Mines plc (“Mopani”) as more fully described in Glencore’s announcement of 19 January 2021. This move represents a significant milestone in IRH’s. There was jubilation on the Copperbelt on 21 March,2024, when President Hakainde Hichilema handed over Mopani Copper Mines (MCM) to the United Arab Emirates (UAE) company International Resources . Glencore will likely sell its entire 73. Abu Dhabi’s International Holding Company has expressed interest in taking over a key Zambian copper mine that is up for sale, the Zambia state-controlled investment vehicle that owns Mopani. IRH’s acquisition of Mopani Copper Mines aligns with a vision to modernize and decarbonize the operation, with a target to increase copper production to 200,000 tonnes annually within THE HEART OF THE MINE Mopani Copper Mines PLC owns the Mufulira ISA Smelter, where concentrates coming from Mufulira and Nkana Concentrators are blended with Toll concentrates from other sources to produce Copper Anodes ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1. Career Opportunity at Mopani Copper Mines PLC Mopani Copper Mines Plc has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. Celebrated with an unveiling ceremony in Kitwe, under the ZCCM-IH, an investment arm of the Zambian government under the Industrial Development Corporation- IDC has acquired majority stake and retained ownership of Mopani Copper Mines – MCM. 1 billion capital investment by International Resources Holding RSC Immediately post-acquisition, CNMC changed the name of the mine to CNMC Luanshya Copper Mines (“CNMC-LCM”), and it initially held an 85% shareholding stake in CNMC-LCM, and later transferred a 5% stake to ZCCM-IH to achieve a 80 %: 20% shareholding structure per the terms of the acquisition. August 8, 2022. Currently, copper reserves are estimated at 151. by ZCCM IH Public Relations. Mopani has also built a brand new MOPANI CEO CALLS FOR INTEGRITY & TEAMWORK Mopani Copper Mines PLC Chief Executive Officer, Eng. Reading Time: The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with Zambia took on $1. 1. The Company’s Success has been as a result of its Focused approach to improvement and the mutually beneficial relationships enjoyed with stakeholders-an important sector of which is its employees. Glencore agreed the sale of its majority stake in Mopani to ZCCM-IH in a $1. Glencore said in a separate statement it would continue to retain MCM, which is 100% owned by ZCCM-IH, owns underground mines, a concentrator, a smelter and a refinery at Mufulira mine site, open pits, Hichilema told a press conference: “We believe that with Mopani Copper Mines we are very close but I don’t want to be overambitious, The “Big Four” are Barrick Lumwana, FQM Kansanshi, Mopani and KCM (Konkola Copper Mines). 5 years with interest and a royalty of 10% of the copper price above $12k/t By NATION REPORTER. At Mopani, [] Mopani Copper Mines PLC has since 2014 sunk and equipped three (3) brand new shafts to replace the old infrastructure at both Nkana and Mufulira mine sites, which dates back to the 1930s. Mopani has also built a brand new Currently, ZCCM-IH owns a 10% stake in Mopani Copper Mines. of Abu Dhabi will invest more than $1 billion in Zambia’s Mopani copper mine, securing access to a metal that’s key to the energy transition as fears Mopani Copper : Revitalising the Red Metal As Zambia seeks to increase domestic copper production, we look at what fresh funding and infrastructure investments mean for Mopani Copper Mines Plc and the nation. Zambia has selected United Arab Emirates' International Resources Holdings (IRH) as the new strategic equity partner in Mopani Copper Mines, the miner's owner ZCCM-IH said late on Thursday. zm ; 2024 “International Resources Holding, operating through its subsidiary Delta Mining, has injected $130 million into Mopani Copper Mines, signaling a robust commitment to the mine’s expansion and Lubambe Copper Mine is an underground mining operation situated on the Zambian Copperbelt close to the town of Chllilabombwe. Four companies have been shortlisted to acquire the Mopani Copper Mines (MCM) in Zambia, reported Reuters, citing two sources. It owns 20% of Lubambe Copper Mine, 15% of NFC Africa Mining, 15% of Chibuluma Mines and 10% of Chambishi Metals. 5 billion in debt to buy Mopani from Glencore in January 2021 and has been looking ever since for a new investor for the mine, which needs significant investment to increase output. The entities involved comprise China’s Zijin Mining, South Africa’s Sibanye Stillwater, China-based Norinco Group and an investment vehicle owned by ex-Glencore officials. Welcome to Mopani Copper Mines PLC . 1 billion dollars in the mining operation. Mopani Copper Mines PLC is a Zambian registered copper mine owned by International Resources Holding and ZCCM-IH Sponsored Recent News. My PhD research, which addresses environmental pollution and regulation on the ‘old’ and ‘new’ Copperbelts, includes the Mufulira As the successor company to Zambia Consolidated Copper Mines Ltd (ZCCM Ltd), which itself was created from the merger of NCCM and RCM in 1982, Mopani Copper Mines Plc; Mushe Milling Ltd; Limestone Resources Limited; Zambia is seeking to restructure a $1. International Resources Holding RSC Ltd. The Lubambe Copper Mine is 80% owned by EMR Capital Resources, while 20% Its copper deposits have been mined over many years, with Mopani owning the Mufulira smelter, where concentrates are blended with toll concentrates to produce copper anodes containing 99. The New Nkana Synclinorium Concentrator in Kitwe was commissioned in March 2022 and is expected to improve recoveries and improve production efficiencies while the Old Nkana Concentrator, which has been in operation since the 1930s, has since been The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), and other market participants, are referred to the cautionary announcements issued on 10 November 2023 and 30 November 2023 in relation to the Board of Directors of ZCCM-IH (“the Board”) selecting International Resources Holding RSC Limited (“IRH”), as the preferred the EIB: the Mopani copper mine in Zambia. Uncover why Mopani Copper Mines is the best company for you. Delta has acquired a 51% interest in Mopani Copper Mines plc (MCM) and will that the Konkola Copper Mines has returned to the Vedanta fold. 4. Telephone (260 212) 247344. Mindolo open pit, Area D and Area E open Silwamba further stated that Mopani Copper Mine underground operations in Kitwe have a remaining life of 26 years and 16 years for Mufulira based Mines, with 110 million tons of proven copper ore reserves, with 1. Sibanye-Stillwater Secures $500 Million Streaming Deal with Franco-Nevada December 25, 2024; Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia December 25, 2024; Gemfields Warns of Potential Disruptions at Mozambique Ruby Mine Amid Rising Unrest December 25, 2024; Chile Files Four Shareholders are referred to the announcements ZCCM-IH released on the Stock Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LUSE”) on 10th November 2023, 30 November 2023, 22 December 2023, 1 February 2024 and 23 February 2024 regarding the up to US$1. 89% copper and resources at 335 million tons, grading 2. Mukela Muyunda Board Chairman Mr. The partnership aims to operationalize waste Transforming Mopani Copper Mines. 1. THE Patent and Company Registration Agency (PACRA) documents have revealed that Mopani Copper Mine (MCM) is now owned by Delta Mining Limited with more than 7 million majority shares while ZCCM-IH has remained with only 6, 900 shares with the Minister of Finance having 1 share. . – will be Mopani’s strategic equity partner, Zambia’s majority state-owned ZCCM Investments China's Zijin Mining and Norinco Group, South Africa's Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials have been shortlisted in the race to buy Zambia's Mopani Copper Mopani CEO, Mr. The Zambian government owns only 10% of the company. Mopani Copper Mines PLC plans to grow its production from the current 100,000 tons of copper annually to its full capacity of 225,000 tons of copper per year within the next 5 years. Konkola also has a natural resource that Zambia has wasted for 60 years. As an investment company, having been transformed It staged a last minute buyout of a 51% stake in Zambia's Mopani Copper Mines last month, its first mining deal in Africa's second-largest producer of the metal that is key to products from power Expansion-minded Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is interested in Zambia’s Mopani Copper Mines (MCM), the mine and smelter complex looking for new investors after Glencore sold the CAREER OPPORTUNITY – OPERATOR Mopani Copper Mines PLC has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. Economists in Zambia paid close attention when the government announced that it would acquire Mopani Copper Mines Limited. Mufulira is as famous for copper production as it is for air pollution. Glencore notes the completion of the Mopani transaction today. The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with Mopani Copper Mines PLC Corporate Office Central Street ; P O Box 22000, Kitwe ,Zambia ; Tel. Charles Sakanya, congratulated the appointees and urged them to ensure that they practice good governance, uphold high levels of integrity and formulate strategic plans to self-sustain and steer the Zambian giant football ZCCM Investments Holdings Plc (ZCCM-IH) has sealed a significant pact with International Resources Holding RSC Limited (IRH) for a strategic collaboration involving Mopani Copper Mines Plc (MCM). The three new shafts are Syclinorium and Mindola Deeps Shafts at Nkana Mine in Kitwe and The Henderson Shaft at Mufulira Mine site. 9%)) and ZCCM-IH (10%). 1%) and First Quantum Minerals Ltd (16. Story: Abu Dhabi’s IRH to invest $1. This is contrary to claims by Mopani Copper Mines PLC Corporate Office Central Street ; P O Box 22000, Kitwe ,Zambia ; Tel. 6% copper. International Resources Holding (IRH) has completed its acquisition of Mopani Copper Mines in Zambia. Mopani Copper Mines PLC Corporate Office Central Street ; P O Box 22000, Kitwe ,Zambia ; Tel. 1% in the company, while the remaining stake in held by First Quantum Minerals. Glencore acquires the Mopani copper mine from the Zambian state in an extraordinary deal that prevents the government holding Mopani to environmental laws for 15 years after the sale. By applying advanced and innovative new technologies and collaborating with the outstanding Zambian workforce, IRH is decarbonising the project whilst aspiring to increase copper output to 200,000 tonnes over the The Zambian government owns only 10% of the company. 5 billion from its own cashflows and the repayment is expected to happen well within the remaining life of mine,” Chipata said. 26bn). Mopani Copper Mines PLC is 51 percent owned by Delta Mining Limited, a subsidiary of International Resources Holding of the United Arab Emirates and 49 percent ZCCM Investment Holdings PLC, a diversified mining investments and Abu Dhabi, UAE – 22 March 2024 – International Resources Holding (IRH) is excited to formally announce the completion of its acquisition of Mopani Copper Mines in Zambia. FQM KANSANSHI MINING PLC ‘FIRST AID TEAM A’ ARE THE 2024 ZAMBIA CHAMBER OF MINES, INTER-COMPANY FIRST AID COMPETITION; Recognition for Kagem’s Mine Safety Milestone: Over 7. “Now that ZCCM-IH owns 100 percent shareholding, all MCM’s proceeds will come into Zambia,” Sakanya comments proudly. Sunce 2014, Mopani sunk and equipped three (3) brand new shafts to replace the old infrastructure at both Nkana and Mufulira mine sites, which dates back to the 1930s. Cancel reply. Charles Sakanya, was on Friday, 31st May 2024 conferred with the prestigious Mining Executive of the Year 2024 Award by the CEO Africa RoundTable, which independently assesses the performance of senior executives in various sectors across the Mr. relations@ Leading global law firm Baker McKenzie advised ZCCM Investments Holdings Plc (ZCCM-IH) on its strategic partnership with Abu Dhabi’s mining champion, International Resources Holding RSC Ltd (IRH), investing through its wholly-owned subsidiary, Delta Mining Limited (Delta). Email public. Mopani Copper Mines Plc | 91,700 followers on LinkedIn. 1 billion investment into the mine. Mopani Copper Mines was previously owned by Carlisa Investments Corporation (a joint venture company comprising Glencore International AG (73. 5 billion debt owed by Mopani Copper Mines to Glencore, which arose from its acquisition of Mopani in 2021, state-owned mining firm ZCCM-Investment Holdings Mopani Copper Mines was recently achieved the prestigious Chartered Institute of Procurement & Supply (CIPS) Corporate Ethics Kite Mark, which sets the standard for Africa’s mining sector. Mopani Copper Mines: Key Highlights of IRH's Transformational Operations. The total proceeds received by Glencore (including the settlement of working capital facilities) were USD$411m in cash on closing plus deferred consideration of USD$135m which will be settled over c. Mopani Copper Mines PLC is a Zambian registered copper mine owned by International Resources Holding and ZCCM-IH Find out what works well at Mopani Copper Mines from the people who know best. 1 billion. 5bn from Glencore in 2021 and has since also experienced IRH acquired the Mopani Copper Mines in early 2024 with the strategic vision to transform it into the most productive copper mine in the Copperbelt. International Resources Holding Limited was chosen as a strategic partner in December last year after emerging as the preferred bidder. Mopani is not a state-owned enterprise, either before or after the transaction. Sponsored Recent News. The copper and cobalt exporting firm is jointly operated by companies based in Switzerland Zambia’s government is also looking to sell Mopani Copper Mines, a Copperbelt operation that Lungu’s administration bought for $1. It is the wettest mine in the world so where do you take the water? On 5 August, 2022, ZCCM-IH gave an update on the acquistion of Mopani in a statement issued by the company secretary. 31, 2024 /PRNewswire/ -- International Resources Holding RSC Ltd. com. It staged a last minute buyout of a 51% stake in Zambia's Mopani Copper Mines last month, its first mining deal in Africa's second-largest producer of the metal that is key to products from power Mopani Copper Mines has a primary listing on the Lusaka Securities Exchange and secondary listings on the London Stock Exchange and the Euronext Access Exchange in Paris. Sign Up. 5 billion in debt to buy Mopani from Glencore in January 2021 and has been looking for a new investor for the mine since. The training centre offers long and short term courses in Engineering, Metallurgical and Mining. ZCCM Investments Holdings Plc (ZCCM-IH) have approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta) will acquire a 51 percent shareholding in the mining Mopani Copper Mines business brochure - Africa Outlook - issue 93. , in which Glencore holds 81. 5 In 1995, Glencore acquires Prodeco, a Colombian coal-mining group that owns the Calenturitas concession in the Cesar region of northern Colombia. The Company’s success has been because of its focused approach to improvement and the mutually beneficial relationship enjoyed with its stakeholders – an important sector of which is its employees. Most of the town’s residents are routinely exposed to sulphur dioxide fumes, locally known as ‘senta’, but it is the communities closest to the mine that are most affected. Jubilee Metals Group and Zambian Mopani Copper Mines form a JV for the Slag Project in Mufulira, targeting 13 Mt of historical slag with estimated copper and cobalt deposits. Zambian copper miner Mopani has revealed its annual financial statements, posting a loss of $298m (K5. Musukwa said that ZCCM-IH is Mines Minister Paul Kabuswe has announced that Mopani Copper mine is poised to record a 52 million US Dollar profit at the end of the 2021 financial year. Mopani Copper Mines Plc is a multi-faceted mining investment with operations in Kitwe (Nkana mine) and Mufulira (Mufulira mine) districts of the Copperbelt Province. The United Arab Emirates' International Resources Holdings (IRH) will invest $1. Other It had wanted the mines to consolidate its copper position in Zambia after buying a 51% stake in Mopani Copper Mines in a deal Vedanta owns 80% in KCM and the Zambian government holds Transformation of Mopani Copper Mines. ZCCM-IH took full control of MCM from Glencore in 2021, with a plan to find a suitable SEP to contribute to the expansion of the business and provide the necessary capital for growth. IRH acquired the Mopani Copper Mines in early 2024 with the strategic vision to transform it into the most productive copper mine in the Copperbelt. 1 billion in Zambia’s Mopani Copper Mines. Mukela Muyunda, a business and finance executive with over 33 years of experience, is the Chairperson of the Mopani Copper Mines PLC Board of Directors. The other foreign mining giants Glencore which owns Mopani Copper Mines (MCM), China Non-Ferrous Mining Corporation (CNMC) on the Copperbelt and FQM in the North-Western Province have all made Incidentally, Glencore International AG, based in Baar, Switzerland (the world’s leading secrecy jurisdiction), controls over 50 per cent of the world’s global copper market. 1-billion investment in ƒÿ €ªªªêÿž—“» € J§††GCCuƒy¨;DÆÒ Qá ÐàåP ®&n& ꪖªbîáefVNüw%9 ¥N’ßR~'; Ú²ó( 4 |° –ÓNíXöxoM ÚùåôæéúõÿÏ·“†÷~ñéò ÿ®‰·¡6 ÃÙÛJ,>}ºlÐV‹Ë=² ¸Æ¦ŒlÄÛëÝÙ Äâ2»D-/h'ƒ=Pm9&ÝeLW5 Ö{Ë®‘ç «ûÛá>0¦€¹ýh}L˜Î †aåkÿÔk¢ ÿyþï?µþÇ2 Ê‹‹s è 6Mš„;SE×í÷ÂÒGg™bПPæ´“Ó P‹ ¾ 21 March 2024 Baar, Switzerland. of Abu Dhabi will invest more than $1 billion in Zambia’s Mopani copper mine, securing access to a metal that’s key to the energy transition as fears The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with The story of the mine goes back to the early 1930s but in 2000, Mopani Copper Mines Plc worked on the acquisition of the ZCCM assets at Mufulira and Nkana mine. On March 20, 2024, International Resources Holding RSC Ltd, through its wholly owned subsidiary, Delta Mining Limited, acquired a 51% interest in Mopani Copper Mines plc and formation of a strategic Abu Dhabi-based International Resources Holding has completed its acquisition of a 51% stake in Zambia’s Mopani Copper Mines for $1. As a proudly Zambian mining company, our desire is to continue investing in infrastructure development to ensure we make Mopani a world-class mining operation. Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), had agreed to acquire a 51 percent shareholding in Mopani, for a total investment of up to US$1. Email public Zambia is also counting on the Konkola and Mopani copper mines — under the control of Vedanta Resources Ltd. In a statement, ZCCM-IH Corporate Affairs Manager Loisa Mbatha said ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats while Delta will have 5 and government 1 seat. Oct 31, 2024. Glencore today announces that its subsidiary Carlisa Investments Corp. 1% stake in Zambia’s Mopani Copper Mines to the government’s mining investment arm ZCCM-IH rather than becoming a which owns 16. zm ; 2024. Nioka Mining Site Freed from Illegal Occupation by Artisanal Miners December 22, 2024; Seventeen Chinese Migrants Arrested for Illegal Mining in South Kivu December 22, 2024; Gécamines Workers Strike Over Illegal Occupation of Djambelwa Copper Deposit December 22, 2024; Gold Price Increase Supports DRC’s Economic Growth IRH, which recently bought a 51% stake in Zambia’s Mopani Copper Mines, told Reuters the deal had unlocked more opportunities to benefit from Africa’s second largest copper producer. Mopani Values Business Wise Around here at Mopani, we will always: Strive for Continuous Improvement. MOPANI CEO WINS MINING EXECUTIVE OF THE YEAR AWARD Mopani Copper Mines PLC Chief Executive Officer, Mr. 05% copper. Addressing the two executive committees in Kitwe yesterday (Wednesday, 13 July 2022), Mopani Copper Mines PLC Chief Executive Officer, Mr. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. MCM chief executive officer Charles Sakanya says the mining company is confident with the current mining policies being put in place by the Government that will ensure that the three million tonnes of copper per annum is Mopani Copper Mines requires a $300 million investment to scale up production to 200,000 metric tons of copper within the next three years. This came as copper production dipped to 72,694 tonnes (t) Mopani Copper Mines Plc is founded on a strong foundation of common values that unite all employees, suppliers, contractors and all stakeholders to a common goal. 5 Glencore said today that it will receive $1 for the 90% holding it owns with Lusaka - Zambia: Mopani has halted copper production across all of its operations in Zambia following the death of four miners in separate accidents. Carlisa Investments Corporation is jointly owned by Glencore Plc (81%) and First ZCCM-IH has entered into an agreement with International Resources Holding (IRH) and its subsidiary, Delta Mining, in which IRH will acquire a 51% interest in Mopani Copper Mines for an impressive $1. This achievement demonstrates the company’s commitment to investing in ethical practices in its procurement and supply chain activities. Shareholders in ZCCM-IH have overwhelmingly supported its acquisition of a 90% stake in Mopani Copper Mines (MCM). 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. 2m loss at the state-owned mine. Celebrated with an unveiling ceremony in Kitwe, under the Mopani Copper Mines will secure a new investor by the end of this quarter, Zambia's mines minister Paul Kabuswe said on Monday, calling the complex owned by state mining investment firm ZCCM-IH MOPANI Copper Mines (MCM) Plc is excited with the Government’s current policy direction in the mining sector which seeks to stir growth. News provided by Share this article Share toX ABU DHABI, UAE, Oct. E. “This venture is a key part of our strategic vision to support and grow high-value assets, China’s Zijin Mining and Norinco Group, South Africa’s Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials have been shortlisted in the race to buy Zambia’s Mopani What became Mopani Copper Mines was bought by the Swiss commodity giant Glencore and the Canadian mining company First Quantum Minerals, who held a minority stake. 9 million tons, grading 1. The strategic significance of this partnership is further highlighted by the recently announced selection of IRH as the preferred strategic equity partner for Zambia’s Mopani Copper Mines asset, which owns the Mufulira Slag Dump Project recently awarded to Jubilee. Glencore holds a majority stake of 73. Share Comments . If big companies slow down on big investments because of Mopani Copper Mines' fate, There are copper mines in Chile that are 200 years old. CAREER OPPORTUNITY – MINER IN CHARGE Mopani Copper Mines PLC has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. A unit of IHC – International Resources Holding RSC Ltd. ZCCM-IH shareholders have unanimously approved the acquistion of 51 percent shares in Mopani Copper Mines Plc by Delta Mining Limited. Home to some of the world’s largest copper mining operations, Zambia is aiming to increase production to 1 million tons by 2026 Abu Dhabi’s International Resources Holding announced a $1. Your email address will not be published. MOPANI STARTS PAYING OFF CONTRACTORS, SUPPLIERS 2024-01-27 - By NATION REPORTER MOPANI Copper Mines has started clearing the outstanding payments to contractors and suppliers following the inflow of funding from ZCCM-IH’s new strategic equity partner International Zambia took on $1. , has concluded the acquisition of 51% shareholding in Mopani Copper Mines (MCM) translating into a US$1. Seeking to boost copper production to three million tonnes per annum (Mtpa) by 2032, up significantly from the current levels of around 850,000 Mtpa, his government has now sourced the funds to increase output at one of Zambia’s largest mining firms, Mopani Copper Mines Plc LUSAKA, March 21 (Xinhua) -- Zambian on Thursday officially handed over Mopani Copper Mines to International Resources Holding Limited from the United Arab Emirates (UAE). Sign Up for the Mining News Digest. He was appointed Director in 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. MOPANI COPPER MINES PLC SUMMARISED STATEMENT ON RESERVES AND RESOURCES. Mopani Copper Mines PLC owns a number of open pit mines at Nkana Mine Site in Kitwe, which are no longer active, namely; Area D, Area E, Area J, Area K, Area Nose and Mindola Open Pit. relations@mopani. In a statement issued in Zambia’s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday. Vedanta owns an 80% stake in KCM while the remaining Mopani Copper Mines is a copper-focused mining investment and operations firm. The agreement, involving a total investment commitment of US$1. The company mines copper and cobalt at Mindola Shaft, Central Shaft, and South Orebody Shaft and extracts the ore underground before concentrating, smelting, purifying, and packaging the finished red metal for export. ZCCM-IH 100% acquisition of Mopani Copper Mines: Corporate Governance is Needed in the Running the Mine. Catalog; For You; Daily Nation Newspaper. Baar, Switzerland 31 March 2021. Compare pay for popular roles and read about the team’s work-life balance. 1 billion by IRH, marks a transformative phase in the relationship between Glencore It had wanted the mines to consolidate its copper position in Zambia after buying a 51% stake in Mopani Copper Mines in a deal Vedanta owns 80% in KCM and the Zambian government holds the PressReader. Glencore has a major presence in the region and owns huge copper Glencore Plc and Zambia's state-owned mining company ZCCM-IH could jointly lend Mopani Copper Mines $200 million to help cover running costs under a proposal made by the global miner last week, a Lusaka - Zambia: President Hakainde Hichilema has officially unveiled International Resources Holding, the new strategic equity partner for Mopani Copper Mines. 5 Million LTI-free Hours; Call for Participation – 8th National Conference on OHSE; Increased Mine Safety, Panacea to Fatalities – ZCM Mopani Copper Mines Plc | 91,291 followers on LinkedIn. [13] See more Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), had agreed to acquire a 51 percent shareholding in Mopani, for a total investment of up to US$1. Mopani Copper Mines will secure a new investor by the end of this quarter, Zambia's mines minister Paul Kabuswe said on Monday, calling the complex owned by state mining investment firm ZCCM-IH a IRH, emboldened after buying a 51% stake in Zambia’s Mopani Copper Mines, has said it is seeking more opportunities to expand in critical metals in Zambia and on the continent. (IRH), a dynamic natural resources extractive subsidiary of 2PointZero, is pleased to announce an update on various initiatives underway at Mopani Copper Mines CEO, Charles Sakanya, emphasized that while “world-class” signifies meeting industry standards in efficiency, safety, and environmental stewardship, the new vision aims even higher. 9% of Mopani, Lusaka - Zambia: ZCCM-IH has agreed to take over Glencore’s majority stake in Mopani Copper Mines in a $1. fxcj dvrs anoboj dhchi vbyhk xsqnt nkcilbx fcxiod lkifykur qqcg