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MOPANI Copper Mine CEO advised to remain in the country

MOPANI Copper Mines Chief Executive Officer, Nathan Bullock has been refused exit and advised to remain in the country until the recent issue of Mopani Copper Mines Management decisions are clearly understood by government. Bullock had arranged to exit the country through Kenneth Kaunda International Airport but was refused exit. …

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Mopani Copper Mines closure unprocedural, licence to be revoked-Govt

Zambia believes the placing of Mopani Copper Mines (MCM) under care and maintenance is unprocedural hence modalities are underway to revoke the licence. According to the government, Mopani Copper Mines, a subsidiary of Glencore, did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. …

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Metals and Mining: Uncertainty presents opportunities

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …

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