Zambia’s annual copper output rose 10.4 percent in September to 631,359 tonnes, the central bank in Africa’s second-biggest producer of the industrial metal announce last week.
Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada’s First Quantum Minerals, Glencore, Barrick Gold and Vedanta Resources.
In the meantime Mopani Copper Mines (MCM) owned by First Quantum Minerals has started a retrenchment exercise with an aim to shade off 1000 jobs. According to the company this has been necessitated by the high operational costs at its mines. This, however has been met with some serious resistance by the trade unions and the Government.
So far 46 employees have opted for a voluntary separation package according to the recent statement supplied by MCM.
5 total views, 3 views today