Mopani Copper Mines to Place Operations on Maintenance
07 Abril 2020 - 12:30PM
Dow Jones News
By Adriano Marchese
Mopani Copper Mines PLC said Tuesday that it will place its
mining operations on maintenance as the coronavirus pandemic has
forced the company to put its projects on hold.
The Zambian miner--a joint venture company in which Glencore PLC
has a majority interest--said the mines will reduce operations to
maintenance levels effective April 8, adding that its smelter and
refinery has enough material to continue processing "until further
notice."
The company said the operating, regulatory and macro-economic
environments remain challenging and have continued to place
"significant" pressure on the business, made worse by the decline
in copper prices as well as global disruptions caused by the spread
of the pandemic.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 07, 2020 11:15 ET (15:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Glencore (LSE:GLEN)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Glencore (LSE:GLEN)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024