The drastic decline of the Zambian mining sector was never more apparent than it was this week when Glencore announced its exit from the country by selling its stake in Mopani Copper Mines for one meagre US dollar to state-controlled investment vehicle ZCCM Investment Holdings.
Glencore will retain offtake rights in respect of Mopani’s copper production until the Transaction Debt has been repaid in full.
Diamonds & Gemstones
The foundation’s work is in addition to the economic contribution created by local employment, tax payments and foreign exchange generation.
Health and safety
FQM has partnered with Anglo American Exploration Zambia to construct a real-time PCR COVID-19 testing laboratory at Kansanshi Mine Hospital.
The company is rapidly assembling a diversified portfolio of assets in resource-friendly jurisdictions around the world.