Glencore’s Mopani copper mine moves to care & maintenance

Glencore-owned Mopani Copper Mines is to transition its operations to care-and-maintenance status from Wednesday April 8 but will continue to process on-site material at the associated Zambian smelter and refinery until further notice.

Mopani cited the repercussions of the Covid-19 pandemic along with a weaker copper price for the decision, which it made after a number of meetings with government ministries on April 6 and with the support of Glencore.
“The operating, regulatory and macro-economic environments remain very challenging, and have continued to place significant pressure on the business,” Mopani said.

“In addition to the effects of...

Published

Andrea Hotter

April 07, 2020

19:58 GMT

New York