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  • Glencore to invest $1.1bn in three new shafts in Zambia 2016-03-30
    Glencore plans to invest over $1.1-billion in Zambia to sink three shafts with new technology that will extend mine life by over 25 years, its local unit said on Wednesday. "We firmly believe that we shall be able to overcome the challenges that we face today as a company and become profitable and operationally-efficient," Mopani Copper Mines (MCM) said in a statement.
  • Zambia's MCM delays copper project pending $300m tax refund 2015-06-19
    Zambia's Mopani Copper Mines (MCM), majority owned by London-listed Glencore, will delay the construction of a planned copper processing plant until the government pays it $300-million the firm says it is owed in value added tax (VAT) refunds, the company's CEO said on Thursday. Zambia in February relaxed rules that had prevented $600-million in tax refunds being paid to mining firms such as Glencore and Vedanta Resources, bowing to industry pressure amid disputes over looming job cuts and mine closures.
  • Zambia's MCM delays copper project pending $300m tax refund 2015-06-19
    Zambia's Mopani Copper Mines (MCM), majority owned by London-listed Glencore, will delay the construction of a planned copper processing plant until the government pays it $300-million the firm says it is owed in value added tax (VAT) refunds, the company's CEO said on Thursday. Zambia in February relaxed rules that had prevented $600-million in tax refunds being paid to mining firms such as Glencore and Vedanta Resources, bowing to industry pressure amid disputes over looming job cuts and mine closures.

Related News

  • ELB as EPC contractor for Gamsberg process, water plants 2016-10-19
    Engineering solutions provider ELB’s Engineering Services subsidiary has been appointed by Black Mountain Mining, a subsidiary of Vedanta Resources, to provide engineering, procurement and construction (EPC) services at the Gamsberg zinc project, in the Northern Cape. The company will oversee the construction of the process, power and water plants at the project.
  • Gamsberg project cost lowered as zinc price outlook brightens 2016-10-14
    Zinc International, the subsidiary of the London-listed and India-rooted Vedanta, is managing to achieve what both Anglo American and Gold Fields failed to do before it – build a zinc mine at Gamsberg in the Northern Cape, which has been in the offing for more than 40 years. Zinc International, headed by CEO Deshnee Naidoo, has managed to shave $200-million off the project’s original capital estimate to take it down to $400-million.
  • Vedanta upbeat on Goa iron ore 2016-09-26

    Vedanta Resources believes that the worst is over for the iron ore industry and is upbeat about the future of its operations in the Indian state of Goa. Since the Supreme Court imposed mining ban was lifted earlier this year, the company has been ramping up production from its Goa operations.

  • Vedanta Limited Shareholders Approve Merger of Cairn India Limited with Vedanta Limited 2016-09-12

    Vedanta LogoMUMBAI, India, Sept. 12, 2016 /PRNewswire/ -- The equity shareholders of Cairn India Limited have today approved the Scheme of Arrangement of Cairn India Limited with Vedanta Limited with requisite majority. We announced the Vedanta Limited shareholder approval of the scheme on 9th...


  • ARM to sell its $400m Lubambe Copper JV in Zambia at the right price, casting its eye over better copper assets. http://www.miningmx.com/top-story/27977-arm-prepared-sell-lubambe-copper-right-price-mo 2016-09-08

    ARM to sell its $400m Lubambe Copper JV in Zambia at the right price, casting its eye over better copper assets. http://www.miningmx.com/top-story/27977-arm-prepared-sell-lubambe-copper-right-price-motsepe/ …

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