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mopani copper mines care and maintenance

But alert security officials refused him exit and he has been advised to stay in… Speaking … Glencore shelved its plans to place the operations under care and maintenance for 90 days, after Zambia threatened to revoke its mining license in … Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. “If an agreement is reached Mopani will re-start mining operations and issue a notice of its intention to place the mining operations on care and maintenance after 90 days,” Glencore said. Mr Musukwa, are you an expert in Mining! Minister of Mines and Minerals Development Richard Musukwa says Government has rejected the request by Mopani Copper Mines to place its Mines on care and Maintenance. Are you trying to hold Mopani hostage? Let’s hear the mopani version. “If an agreement is reached Mopani will re-start mining operations and issue a notice of its intention to place the mining operations on care and maintenance after 90 days,” Glencore said. Mopani has had to place a number of projects it was in the process of commissioning on hold until key personnel are able to travel to site,” reads the statement signed by public relations manager Nebert Mulenga. Mopani which has shut the mine and placed it under Care and Maintenance has also sent all workers home and terminated employment for those on contracts. MCM “should not put the mine on care and maintenance, as over 11,000 miners will be without jobs,” MUZ chief George Mumba told AFP. Mr Mulenga said the issues being discussed included failure by the mining firm to give contractors terms of the new contracts. The operating, regulatory and macro-economic environments remain very challenging and have continued to place significant pressure on the business. Glencore shelved its plans to place the operations under care and maintenance for 90 days, after Zambia threatened to revoke its mining license in April. “Mopani Copper Mines Plc held a number of meetings with Government Ministries on 6 April 2020 in which it provided an update of its comprehensive operational review. Mopani is saying they want to put the company on Care and maintenance and the government is objecting! “The ministry is not aware of any event that has happened that is beyond the reasonable control of Mopani Copper Mines and which makes mining impossible,” he said in a statement. Mopani Copper Mines Chief Executive Officer, Nathan Bullock has been refused exit from Zambia following the placing of the mines under care and sending workers home. SEEK HIPC-STYLE DEBT RELIEF …our treasury’s capacity to issue financial stimulus absolutely limited – Mutati, 2-yr jail for PF cadre who assaulted Petauke journalist elates MISA. He said Mopani Copper Mines did not provide evidence to show that it was facing challenges importing machinery saying the Ministry of Commerce Trade and Industry has been providing support to companies that intend to import equipment from other countries. MOPANI Copper Mines says the decision to put the mine on care and maintenance starting tomorrow April 8, is as a result of the critical disruptions to international mobility, transportation and supply chains arising from COVID-19. The Drug Enforcement Commission in Lusaka has arrested Seven (7) people who include three (3) University of Zambia (UNZA) third year students for trafficking... About 4,339 people died before reaching the University Teaching Hospital between June and November last year. “The health and safety of the workforce and surrounding communities is our top priority. This is just one side of the story. In addition to the impacts of a rapid decline in the copper price, Mopani’s situation has been further impacted by the critical disruptions to international mobility, transportation and supply chains arising from COVID-19. This issue has just become a circus. “…but we expect, permanent Zambian employees (excluding management) will be sent home on their base salary. Mopani will engage with its employees, contractors and local communities regarding the impact of any operational change. Minister of Mines Richard Musukwa said this is because the mining firm has not complied with the law. Government has rejected the proposal by Mopani Copper Mines to put the mines in Kitwe and Mufulira under care and maintenance. I don’t see it going anywhere. Mining Disputes. Glencore Mopani Copper Mines Prev Post All the open pits are exhausted except “Area Nose” and area J, both of which were placed on care and maintenance in 2019. Mopani did indicate that they wanted to put the mine on care and maintenance, which is going to put in excess of 15,000 employees in the streets and the government did reject that proposal because it was inimical to the interests of our people. Mopani believes that the transition to C&M will help protect the company’s value and preserve the option to deliver our growth projects when market conditions improve.”. Mopani have no basis. Mopani proceeds to place mines on care and maintenance. ZAMBIA’S financial conditions would likely tighten, banks may lose substantial income and declare bankruptcy, the ODI’s International Economic Development Group has warned. Mopani allegedly did not give sufficient notice to the government before the mines were kept on care and maintenance. Mr Musukwa said government has also rejected an attempt by the Mining firm to give it less than 24 hours’ notice to lay off more than 11,000 workers. The Nkana Mine produces copper and cobalt ore from four sources: North Shaft, Mindola Sub Vertical, Central Shaft and South Ore Body (“SOB”). He however said that negotiations regarding the matter are ongoing to ensure that operations at Mopani Copper Mines are sustained to avoid job losses. Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambia’s mining investment arm ZCCM-IH. Zambia said on Tuesday that Glencore has declared “force majeure” and will shut its copper mines in the country, adding that the government would block the move which would result in 11,000 people losing their jobs.. Mines Minister Richard Musukwa said Glencore plans to put its Mopani Copper Mines (MCM) operations under “care and maintenance” for three months from Tuesday as the … Liquidate their shares GRZ. Mopani Copper GLENCORE was in discussions with the Zambian government regarding plans to place the firm’s Mopani Copper Mines on care and maintenance. RELATED FEATURED Mopani Copper Mines, which produced 119,000 tonnes of copper in 2018, is 73.1% owned by Glencore, 16.9% by First Quantum Minerals and 10% by Zambia’s mining … Zambia intends to revoke the mining licenses of Mopani Copper Mines (MCM), a subsidiary of Glencore, as the firm did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. According to Mr Musukwa, the mining firm in May 2020 issued a fresh notice to the Director of Mines in the Ministry of Mines and Minerals Development to declare its intention to place the mines in Kitwe and Mufulira on care and maintenance. Mopani is one of Glencore’s “focus” assets and a key plank of a wider plan to transform the performance of its African copper unit, which also includes mines in the Democratic Republic of Congo. 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