Zambia’s ZCCM-IH in talks with Glencore about rising stake in Mopani

0
20
Zambia’s ZCCM-IH in talks with Glencore about rising stake in Mopani

LUSAKA/JOHANNESBURG, Aug 25 (Reuters) – Glencore and Zambia’s mining investment arm ZCCM-IH are in talks about ZCCM-IH per chance buying extra shares in Glencore subsidiary Mopani Copper Mines, Glencore and Zambia’s mines minister talked about on Tuesday.

ZCCM-IH currently holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%.

Glencore talked about it used to be in discussions with ZCCM-IH “and diverse shareholders”, including that discussions were progressing and extra updates would be issued as appropriate. (Reporting by Chris Mfula in Lusaka and Helen Reid in Johannesburg. Enhancing by Jane Merriman)

Be taught More

LEAVE A REPLY

Please enter your comment!
Please enter your name here