The Lubambe mine, one of the key factors behind JSE-listed ARMs fall into a full-year loss of R757m, was identified as an asset for sale by Motsepe during a results presentation.
Mopani Copper Mine (MCM) is a joint venture whose main shareholder is the Swiss commodity trader Glencore International. It owns two copper and cobalt mines in Nkana and Mufurila, in the Zambian Copperbelt.
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The world's 20 largest copper mines produce nearly 9 million metric tons of the precious metal a year, about 40 percent of the world's total copper mine capacity. Chile and Peru, alone, account for about half of the copper mines on this list, but the U.S. does make the cut, with two mines among the ...
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Dec 21, 1998· The Government accused the companies of trying to grab Zambia's greatest asset at a fire-sale price. The consortium countered that the mines, smelters and equipment were so old that they would ...
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This means that the original seller (say a mining company located in Zambia) can report low profits from the sale and will thus pay less tax. ... In 1972, 10 years after the country became an independent state, Zambia took ownership of its copper mines. In the years that followed up until the mines were privatized, the price of copper remained ...
Lusaka Zambia: Konkola Copper Mines (KCM) Chairman and Vedanta Resources Plc Chief Executive Officer, Tom Albanese, has told a mining conference in the United Kingdom
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Zambia copper mine. ... He also said the Zambian officials that negotiated the sale of KCM owed Zambians an explanation on why a company worth billions was sold to Vedanta Resources for peanuts.
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Zambian workers constructing a new $300 million copper smelter in Chingola, Zambia, in this Wednesday, Dec. 13, 2006 file photo. Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world.
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The copper mineralisation in study area is primarily an IOCG type, characterised by the presence of iron oxide-Copper-Gold (IOCG) deposits. It is hydrothermal origin where veins disseminations are genetically asssociated with I type magmatism.
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Konkola Copper Mines Plc (KCM) is the largest mining and metals company in Zambia with annual capacity of 200,000 metric tonnes of copper. In October 2008, KCM commissioned a new smelter at Nchanga with a cobalt recovery furnace.
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Dechert also says it has proof the Trio pocketed $300 million from the sale of a Zambian copper mine to ENRC for more than it was worth. ENRC refute these allegations.
THE privatisation of mines in Zambia were fraught with corruption, the Global Corruption Report 2001 has revealed.
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The Zambian government agrees the terms for the sale of Konkola Copper Mines and will hand over the assets to an Indian firm in December.
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Mopani Copper Mine (MCM) is a joint venture whose main shareholder is the Swiss commodity trader Glencore International. It owns two copper and cobalt mines in Nkana and Mufurila, in the Zambian
The Zambian government has agreed the terms for the sale of Konkola Copper Mines and will hand over the assets to an Indian firm in December. India's Sterlite Industries beat off competition from Japanese and South African firms after UK-listed mining giant Anglo American suddenly pulled out of the venture last year.
Aug 11, 1996· Virtually everything the state owned is for sale, from the national concrete industry to corner grocery stores to antique steam trains
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AFTER years of procrastination by a government supposedly committed to privatisation, the sale of Zambia's three main copper mines, the biggest asset of this desperately poor country, seems near ...
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Zambias Energy Minister orders KCM to speed up creditor payments. Energy Minister in Africas second largest copper hotspot has ordered Vedantas subsidiary, Konkola Copper Mines
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