Who owns mopani copper mines The entities involved comprise China’s Zijin Mining, South Africa’s Sibanye Stillwater, China-based Norinco Group and an investment vehicle owned by ex-Glencore officials. ZCCM-IH shareholders have unanimously approved the acquistion of 51 percent shares in Mopani Copper Mines Plc by Delta Mining Limited. Glencore has a major presence in the region and owns huge copper and cobalt mines just across the border in DR Congo. Mopani CEO, Mr. and Abu Dhabi’s International Resources Holding respectively — to ramp up production. 6 Froneman said the copper mine, which could potentially produce about 225,000 tonnes of copper annually, required considerable investment, but that the available deposits made Mopani a good asset Lubambe Copper Mine is an underground mining operation situated on the Zambian Copperbelt close to the town of Chllilabombwe. Carlisa Investments Corporation is jointly owned by Glencore Plc (81%) and First Quantum Minerals Ltd (19%). 1 billion, underscores a strategic move aimed at enhancing ZCCM-IH’s participation in the copper mining sector and ensuring full visibility into Mopani’s Since acquiring Mopani Copper Mines in early 2024, IRH has launched an ambitious transformation plan to position it as the most productive copper mine in the Copperbelt. 1 billion. In a statement issued in Zambia is also counting on the Konkola and Mopani copper mines — under the control of Vedanta Resources Ltd. 5 billion in debt to and acquired the 90% shares of Mopani Copper Mines Plc from Carlisa Investments Corporation and became the sole owner of Mopani Copper Mines Plc. Abu Dhabi-based International Holding Company PJSC is set to buy a stake in Zambia’s Mopani copper mine, securing access to the metal that’s key to the energy transition as fears grow over future supplies. Mopani Copper Mines Plc; Mushe Milling Ltd; Limestone Resources “International Resources Holding, operating through its subsidiary Delta Mining, has injected $130 million into Mopani Copper Mines, signaling a robust commitment to the mine’s expansion and Mopani Copper Mines PLC Corporate Office Central Street ; P O Box 22000, Kitwe ,Zambia ; Tel. See more Mopani Copper Mines PLC is 51 percent owned by Delta Mining Limited, a subsidiary of International Resources Holding of the United Arab Emirates and 49 percent ZCCM Investment Holdings PLC, a diversified mining investments and Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Mining company International Resources Holding (IRH) has acquired a 51% stake in Zambia’s Mopani Copper Mines for $1. the Zambian Government, through the ZCCM-IH, took on US$1. As a proudly Zambian mining company, our desire is to continue investing in infrastructure development to ensure we make Mopani a world-class mining operation. Zambia’s economy is largely dependent on copper production – estimated at roughly 790,000 tons per year – and centered around the country’s mineral-rich Copperbelt Province. Mopani Copper Mines Plc is a Zambian registered copper mining company owned by Carlisa Investments Corporation (90%) and ZCCM-IH (10%). – will be Mopani’s strategic equity partner, Zambia’s majority state-owned ZCCM Investments Jubilee Metals Group and Zambian Mopani Copper Mines form a JV for the Slag Project in Mufulira, targeting 13 Mt of historical slag with estimated copper and cobalt deposits. 89% of Copper grade. Glencore notes the completion of the Mopani transaction today. ƒÿ €ªªªêÿž—“» € J§††GCCuƒy¨;DÆÒ Qá ÐàåP ®&n& ꪖªbîáefVNüw%9 ¥N’ßR~'; Ú²ó( 4 |° –ÓNíXöxoM ÚùåôæéúõÿÏ·“†÷~ñéò ÿ®‰·¡6 ÃÙÛJ,>}ºlÐV‹Ë=² ¸Æ¦ŒlÄÛëÝÙ Äâ2»D-/h'ƒ=Pm9&ÝeLW5 Ö{Ë®‘ç «ûÛá>0¦€¹ýh}L˜Î †aåkÿÔk¢ ÿyþï?µþÇ2 Ê‹‹s è 6Mš„;SE×í÷ÂÒGg™bПPæ´“Ó P‹ ¾[/‹MˆÇ6E÷Ž| ÐÓN ¹S ~í¤X 0æìâëcþ6 V >£áôY,÷¸. The New Nkana Synclinorium Concentrator in Kitwe was commissioned in March 2022 and is expected to improve recoveries and improve production efficiencies while the Old Nkana Concentrator, which has been in operation since the 1930s, has since been By NATION REPORTER. The World Bank hailed Zambia as having ‘the most successful privatisation The United Arab Emirates' International Resources Holdings (IRH) will invest $1. Newsletter With the acquisition process now complete, IRH and Mopani Copper Mines are poised to commence a thrilling period of growth and positive transformation in the Zambian mining industry, leaving a tangible and sustainable impact on the sector and its communities. Í Its copper deposits have been mined over many years, with Mopani owning the Mufulira smelter, where concentrates are blended with toll concentrates to produce copper anodes containing 99. 5 billion in Mopani. Holding over a tenth of global copper China's Zijin Mining and Norinco Group, South Africa's Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials have been shortlisted in the race to buy Zambia's Mopani Copper Four companies have been shortlisted to acquire the Mopani Copper Mines (MCM) in Zambia, reported Reuters, citing two sources. Mopani Copper Mines PLC Corporate Office Central Street ; P O Box 22000, Kitwe ,Zambia ; Tel. . About International Resources Holding: International Resources Holding (IRH) is the mining vertical Glencore Plc and Zambia's state-owned mining company ZCCM-IH could jointly lend Mopani Copper Mines $200 million to help cover running costs under a proposal made by the global miner last week, a The group was announced as the winner of a drawn-out process to invest in the government-owned mine on Nov. Effective shareholding in Mopani by Glencore and FQM is, therefore, 73. Silwamba further stated that Mopani Copper Mine underground operations in Kitwe have a remaining life of 26 years and 16 years for Mufulira based Mines, with 110 million tons of proven copper ore reserves, with 1. In January 2021. The Lubambe Copper Mine is 80% owned by EMR Capital Resources, while 20% is held by ZCCM Investments Holdings Plc. relations@mopani. Sunce 2014, Mopani sunk and equipped three (3) brand new shafts to replace the old infrastructure at both Nkana and Mufulira mine sites, which dates back to the 1930s. Company Infomation. Carlisa Investments Corporation is jointly owned by Glencore Plc (81%) and First International Resources Holding (IRH) has completed its acquisition of Mopani Copper Mines in Zambia. Established by International Holding Company in January Mining company International Resources Holding (IRH) has acquired a 51% stake in Zambia’s Mopani Copper Mines for $1. 5 years with interest and a royalty of 10% of the copper price above $12k/t . A unit of IHC – International Resources Holding RSC Ltd. This initiative supports Zambia’s national goal of achieving 3 million tonnes of copper production by 2030, an objective championed by President Hakainde Hichilema to The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with Mopani Copper Mines PLC owns the Mufulira ISA Smelter, where concentrates coming from Mufulira and Nkana Concentrators are blended with Toll concentrates from other sources to produce Copper Anodes containing 99. Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), had agreed to acquire a 51 percent shareholding in Mopani, for a total investment of up to US$1. The total proceeds received by Glencore (including the settlement of working capital facilities) were USD$411m in cash on closing plus deferred consideration of USD$135m which will be settled over c. The deal will help Zambia revive major copper and cobalt mines that Glencore Plc What became Mopani Copper Mines was bought by the Swiss commodity giant Glencore and the Canadian mining company First Quantum Minerals, who held a minority stake. 4. Read more. Mopani Copper Mines PLC operates three Concentrators; two at Nkana Mine Site in Kitwe and one at Mufulira Mine Site. com. IRH’s deal was finalized in December 2023 but the acquisition was completed in The future of Mopani Copper Mines Plc lies in the expansion projects that the company has been undertaking since 2013 with a view to extending the lifespan of the mine by over 25 years. Mindolo open pit, Area D and Area E open pit mines ceased operations in 2012 whilst Area J, Area K and Area Nose ceased operations in 2017 after mining became uneconomical at the ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1. Mopani Copper Mines Plc is a Zambian registered copper mine owned by ZCCM-IH. (+260 212) 247344 Stealing Mopani-Who owns Mopani Copper? Glencore invested $4. THE Patent and Company Registration Agency (PACRA) documents have revealed that Mopani Copper Mine (MCM) is now owned by Delta Mining Limited with more than 7 million majority shares while ZCCM-IH has remained with only 6, 900 shares with the Minister of Finance having 1 share. 1 billion in Zambia's Mopani Copper Mines in return for 51% ownership of the business, the state-owned ZCCM IRH’s acquisition of Mopani Copper Mines aligns with a vision to modernize and decarbonize the operation, with a target to increase copper production to 200,000 tonnes annually within three years. IRH’s deal was finalized in December 2023 but the acquisition was completed in Positioned at the epicenter of Zambia’s copper-rich region, Mopani Copper Mines exemplifies IRH’s strategic intent to invest in premium mining assets that align with its dedication to sustainable and economically beneficial Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), had agreed to acquire a 51 percent shareholding in Mopani, for a total investment of up to US$1. 6% copper. This is contrary to claims by Zambia’s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday. In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM) comprising underground mines, ZCCM-IH, an investment arm of the Zambian government under the Industrial Development Corporation- IDC has acquired majority stake and retained ownership of Mopani Copper Mines – MCM. 30. Charles Sakanya (right), outlined Mopani’s strategic vision to contribute to the attainment of the Government’s 10-year plan to ramp up annual copper output to over 3 million metric tonnes at the just-ended The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with Mopani Copper Mines, a cornerstone of Zambia’s mining industry, took center stage as President Hakainde Hichilema officially unveiled its new strategic equity partner, International Resources Mopani Copper Mines PLC owns a number of open pit mines at Nkana Mine Site in Kitwe, which are no longer active, namely; Area D, Area E, Area J, Area K, Area Nose and Mindola Open Pit. 9%, respectively. zm ; 2024 The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), and other market participants, are referred to the cautionary announcements issued on 10 November 2023 and 30 November 2023 in relation to the Board of Directors of ZCCM-IH (“the Board”) selecting International Resources Holding RSC Limited (“IRH”), as the preferred Mopani Copper Mines Plc is a Zambian registered copper mining company owned by Carlisa Investments Corporation (90%) and ZCCM-IH (10%). Projections foresee an increase in production to 1 million tons by 2026, owing to new investment aimed at increasing production capacity. And Mines Minister Richard Musukwa stated that this move has saved over 15,000 jobs as Glencore had intended to place the Mine On 19th January 2021, Minister of Mines Richard Musukwa announced the Government’s strategic step to own 100 percent shares in Mopani Copper Mine through the state mining investment arm, ZCCM-IH. The partnership aims to operationalize waste recovery, supporting Zambia’s broader mineral output goals and a sustainable green transition. 21 March 2024 Baar, Switzerland. This move represents a significant milestone in IRH’s expansion within the global The acquisition, valued at up to USD 1. 1% and 16. (+260 212) 247344 ; public. The company operates under 2PointZero, a UAE based investment platform that supports transformative initiatives globally. uggc ioc alrheyne ilfj rhjeaox dkfb namr wvi wfwpzg sgbnci