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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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Maamba advises of impending increased load shedding

Zambia’s power utility company – ZESCO Limited has warned its stakeholders that there will be increased load shedding for ten (10) days starting 8th April 2020. The company said this is due to loss of supply of 132MW from its Independent Power Producer – IPP Maamba Collieries resulting from a …

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