Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.
Hit by a slump in copper prices, Zambia should maintain stable mining policies and taxes to avoid losing out to new, lower cost mines elsewhere, said the Chamber of Mines President Nathan Chishimba.
Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said.