Mopani will work with the local authorities and community leaders on how best it can continue to support its partners in light of the government decrees relating to minimizing the spread of COVID-19.”, Your email address will not be published. He told Parliament that Mopani cited the unsustainable cost of production and reduced global mobility caused by the coronavirus pandemic as some of the issues that severely disrupted the supply chain making it difficult to access of essential equipment needed for production at the mines. Mopani assured that permanent Zambian employees, including those in management, would continue receiving their base salaries for the period the mine would be under care and maintenance. Why should the minister not ask Zambians the way out? Mopani remains committed to supporting its community projects, hospitals and schools during the period of C&M. The irate miners, who carried placards and sang songs, denounced management for suggesting drastic decisions under the guise of avoiding the spread of Corona virus. 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 … Regarding the smelter and refinery, we currently have material on site which will continue to be processed until further notice. MINES minister Richard Musukwa has protested a decision by Mopani Copper Mines to put the Kitwe and Mufulira mines on care and maintenance for three months subject to review, saying their reasons are not compelling. This is just one side of the story. Employees and their dependents will continue to receive healthcare. 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. SpeechKit JOHANNESBURG (miningweekly.com) – Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance … What are you trying to prove? Mopani sends workers on mandatory leave, proceeds on care and maintenance By Speedwell Mupuchi on April 9, 2020 MOPANI Copper Mines yesterday gave out letters sending workers on mandatory leave in view of operation difficulties made worse by the coronavirus. Mopani will remain committed to its CSR projects,” stated Mopani. Mr Musukwa also refuted claims that Government owes Mopani more money in VAT Refunds saying documents from the Zambia Revenue Authority showed that the company owed government more money in other taxes. “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. Required fields are marked *. Mopani proceeds to place mines on care and maintenance. Copyright © 2017 The Mast. I don’t see it going anywhere. Mopani Copper GLENCORE was in discussions with the Zambian government regarding plans to place the firm’s Mopani Copper Mines on care and maintenance. “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. 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. He has been advised to stay in the country until issues of Mopani Copper Mine management’s decisions are clearly understood by government. Mopani is saying they want to put the company on Care and maintenance and the government is objecting! Glencore’s Zambian arm Mopani Copper Mines (MCM) has decided to resume mining for 90 days, though it it is still planning on putting the operations on hold. “The health and safety of the workforce and surrounding communities is our top priority. I find that the minister has no solution to Mopani. The government strategy is driven by a need to safeguard jobs at Mopani, rather than any desire to … 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. Mr Musukwa, are you an expert in Mining! If the government has money let it take the operations of Mopani. Mopani will engage with its employees, contractors and local communities regarding the impact of any operational change. 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. All the open pits are exhausted except “Area Nose” and area J, both of which were placed on care and maintenance in 2019. Your email address will not be published. Mr Mulenga said the issues being discussed included failure by the mining firm to give contractors terms of the new contracts. In a letter dated April 14 to Mopani’s chief executive Nathan Bullock, Mining Licensing Committee secretary Michael Chibonga said Mopani did not … 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. In addition, Nkana produces copper from open pits. Minister of Mines Richard Musukwa said this is because the mining firm has not complied with the law. It is time agricultural activities became the main stay of this nation. Last week Mines and Mineral Development Permanent Secretary, Barnaby Mulenga, said discussions were being held between Government and Mopani on the decision to place operations on care and maintenance. “In the circumstances, and following consultation with its majority shareholder and funder, Mopani can no longer continue operating its mining operations and will transition those mining operations to care and maintenance (C&M) with effect from 8 April. Bullock had arranged to exit the country last evening through Kenneth Kaunda International Airport. And Musukwa says if the mine goes ahead to lay off over 11,000 workers, it will be met by the full force of the law. Mopani, owned 73.1% by Glencore, is an integrated copper producer located in the Copperbelt of central Zambia. I hear companies are falling over each other to buy KCM. The world’s biggest commodities trader will instead give the government the legally required 90 days notice before placing its Mopani Copper Mines unit under care and maintenance… Does the minister know that in advanced countries, the government is either or both receiving some money from the government to maintain the workforce or reduced the number of workers and suspected projects in order to cope up the effect of COVID 19. Mopani Copper Mines has informed all its contractors and suppliers that the mine will only offer a one month contract to each, pending the outcome of the appeal processes against government’s latest rejection of the firm’s proposal to place its mining operations on care and maintenance. Glencore shelved its plans to place the operations under care and maintenance for 90 days, after Zambia threatened to revoke its mining license in … All Rights Reserved. , Mopani is going it is just a question of time. 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. 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. Don’t you think you are now begging for this investor instead of finding a suitable investor who can run the mines! 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 … 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. Mopani Copper Mines PLC ("Mopani") is a Zambian registered company owned by Carlisa Investments Corporation (a joint venture company comprising Glencore International AG (73.1%) and First Quantum Minerals Ltd (16.9%)) and ZCCM-IH (10%). ZAMBIA’S financial conditions would likely tighten, banks may lose substantial income and declare bankruptcy, the ODI’s International Economic Development Group has warned. 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. Mopani have no basis. He however said that negotiations regarding the matter are ongoing to ensure that operations at Mopani Copper Mines are sustained to avoid job losses. 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. 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 Nkana Mine produces copper and cobalt ore from four sources: North Shaft, Mindola Sub Vertical, Central Shaft and South Ore Body (“SOB”). SCORES of miners yesterday marched to Mopani Copper Mines general offices in Kitwe to protest over the company’s intention to place the giant mine under care and maintenance. 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. But alert security officials refused him exit and he has been advised to stay in… A Mining expert Philasoni Chikwanda has urged government to be thoughtful as it continues to dialogue with Glencore, the majority shareholders of Mopani Copper Mines – MCM following its decision to put the mines on care and maintenance. RELATED FEATURED Mopani further stated that it would continue with its commitments and obligations to the workforce and host communities adding that it could continue engaging unions and government regarding the nature and duration of that support. 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. Mopani allegedly did not give sufficient notice to the government before the mines were kept on care and maintenance. 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