MANAGEMENT

Mopani opts for plan adjustment

Mopani opts for plan adjustment

Copper cathode at a fellow Mopani mining complex

Copper cathode at a fellow Mopani mining complex

According to a Reuters report, the miner's initial decision to place MCM on care and maintenance last month was met with opposition from Zambian government officials.

Government officials said the operator could lose its mining licence because it did not give enough notice.

MCM told Reuters is it in talks with the government and will use the 90-day period to look for potential solutions to its "current challenges".

The company said last month it had been impacted by a sharp drop in copper prices in addition to coronavirus virus concerns, and stoppages in international transport and supply chains had also played a role.

"A multisectoral team will work with Mopani to critically analyse the entire mine value chain to structure a survival plan," Mines minister Richard Musukwa told the news service.

Additionally, Zambia government officials are planning to form a conducive investment climate to promote growth and sustainability along with a reduction in costs.

Mopani still has not confirmed when its portfolio could return to normal.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production