ao link
Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
ICT & Telecoms
Civil Engineering
Safety & Security
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing this article with our compliments. 

register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

Glencore divests Mopani Copper Mines in Zambia

ZCCM Investment Holdings plc (ZCCM-IH) has taken 100% ownership of Mopani Copper Mines.

Linked InTwitterFacebookeCard

ZCCM-IH shareholders voted overwhelmingly in favour of the resolution acquire 90% of Mopani Copper Mines from Carlisa Investment Corp, as represented by Glencore plc. The EGM and the vote on the resolution represented the last condition precedent, and as such the transaction was completed today (31 March 2021).


Mabvuto Chipata, CEO of ZCCM-IH, commented: “We are pleased to have the strong support of our shareholders as ZCCM-IH begins this important step in the strategic expansion of the Company.


“In increasing the previous minority stake to full ownership of Mopani, ZCCM-IH will be an active participant in a global industry, and a fundamental part of the energy transition as copper becomes a critical metal. This is not only a new and exciting chapter for ZCCM-IH, but also a new beginning for Mopani.


“We look forward to working with the Mopani team. Thank you to all the shareholders who have given this transaction their support.”


The mines owned and operated by Mopani – Nkana and Mufulira – are some of the largest and longest running copper mines in the world and are considered a key Zambian asset.


Linked InTwitterFacebookeCard

You may also like these related articles...

BAMIN wins bid to operate FIOL railway in Brazil

Grate-Kiln iron ore pellet plant to India

Telestack and Cooper SH team up in Britain

New generation hydrocyclone boosts throughput

Upswing or ‘super cycle’ for dry bulk equities?

Quarry saves €100,000+ a year in fuel costs

Linked In