Konkola Copper Mines will mothball Nchanga underground copper ops after price drop

Konkola Copper Mines will mothball its unprofitable underground operations at the Nchanga mine in Zambia, in a move that is likely to cost about 2,500 contractor jobs, Metal Bulletin understands.

The company placed the operations under review earlier this year after the asset turned cash-flow negative following a steep drop in copper prices. After negotiations with labour unions, the company resolved to transition the mine to care and maintenance from Friday November 27, the company said. Direct...

Published

Mark Burton

November 30, 2015

12:23 GMT

London