LUSAKA – Glencore's Mopani Copper Mines in Zambia has closed two shafts at its Nkana mine, the company said on Thursday, a move that an opposition leader said had led to 1 400 job losses.
JDT: The objective we have been pursuing for a few years now is to exceed what has already been done for more than two decades, productions that unfortunately are below 20,000 tonnes of copper.
Copper producing junior Tiger Resources, whose shares remain voluntarily suspended from the ASX, has spent the last two years implementing a turnaround strategy to bring its 95%-owned Kipoi copper/cobalt operation back to profitability
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards
despite industry protests.
Glencore Plc announced a new $2 billion share buyback program and said it will look to increase the program later in the year if commodity prices remain robust.
Gécamines reacts to Katanga Mining Limited's unilateral communications regarding the KCC project
According to the figures published by the Central Bank on Tuesday, the DRC produced a total 466,250 tonnes of copper in the first quarter of 2016, down 14%.
Mining & Business Magazine