Zambia: 'Zccm-Ih Well Able to Manage Mopani '

ZCCM-IH has the capacity to take over the majority 73.1 per cent shareholding held by Swiss miner and commodities trader Glencore, in Mopani Copper Mines, Mines and Minerals Development Minister Richard Musukwa has said.

Mr Musukwa said ZCCM-IH had the technical know-how to profitably manage the mining company which has its assets in Kitwe and Mufulira on the Copperbelt.

Mr Musukwa said ZCCM-IH and Glencore were in discussions on the US$70 million monthly financing required for Mopani to sustain its operations. He said $18million was required to run the mine weekly.

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