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Glencore’s Zambian subsidiary Mopani Copper Mines will retain most of its workers even after copper production is suspended following a drop on the metal’s price, a source close to the company said on Friday. An electricity shortage in the southern African nation and weaker copper prices have put pressure on …

As Zambia’s energy-starved mines struggle with the shortfall between the country’s stalled power-generation capacity and its consistent economic growth, climate change appears to be “dealing a further blow to energy output”, states multidisciplinary consulting engineers and scientists SRK Consulting South Africa. SRK Consulting principal mining engineer Boniface Mwila highlights the …

Zambia-based copper miner Konkola Copper Mines (KCM) has affirmed that it has not made a decision to close its Nchanga underground mine or scale down operations at the Nkana refinery, following media reports alleging closures. KCM, a subsidiary of London-listed global diversified natural resources company Vedanta Resources, is one of …

Copper prices soared on Tuesday to their biggest daily percentage gain in 2½ years, as Glencore PLC’s decision to shut mines and an increase in Chinese imports prompted investors and analysts to ratchet back estimates for global supplies. The rally forced many investors to scramble to close out bearish bets, which amplified the …

Glencore PLC Chief Executive Ivan Glasenberg’s rescue plan for his company could hinge on the fortunes of a single metal: copper. The company’s decision to close two unprofitable African copper mines would take 400,000 tons of copper production out of the market over the next 18 months, and helped send prices for the industrial metal …