August 28, 2016 11:52 PM ET

Metals and Mining

Company Overview of Mopani Copper Mines Plc

Company Overview

Mopani Copper Mines Plc undertakes the operations of the Nkana Mine, Concentrator and Cobalt Plant; and the Mufulira Mine, Concentrator, Smelter and Copper Refinery in Zambia. The company was founded in 2000 and is based in Kitwe, Zambia. Mopani Copper Mines PLC operates as a subsidiary of Glencore International AG.

Nkana West

Corner of Central Street

5th Avenue

Kitwe,  

Zambia

Founded in 2000

Phone:

260 2 247 000

Fax:

260 2 220725

Key Executives for Mopani Copper Mines Plc

Chief Executive officer
Chief Financial Officer
Compensation as of Fiscal Year 2016.

Mopani Copper Mines Plc Key Developments

Mopani Copper Mines Plans to Cut More Than 3,800 Jobs

Glencore's Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs. An electricity shortage in the southern African nation and weaker copper prices have put pressure on its mining industry, threatening output, jobs and economic growth in Africa's second-bigger producer of the metal. Mopani had initially said it planned to cut 4,300 citing lower metal prices and high production costs.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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