Glencore seals Zambia copper sale
State mining investment arm ZCCM-IH will pay $1.5 billion, but Glencore will get just $1 upfront.
State mining investment arm ZCCM-IH will pay $1.5 billion, but Glencore will get just $1 upfront.
The next three to six months will be crucial to the future of the vast copper-gold mine, as the companies behind the operation negotiate with the government.
The measures, which include a reduction in personnel, come several months after the miner had resumed normal operations.
Country could license companies for deep-sea mining as early as 2023, its oil and energy ministry told Reuters.
According to Zambian state radio, a deal is likely to be signed next week.
American steelmakers and machinery producers surged on speculation that Democrats will take control of Congress.
Mining companies seeking financial services in the U.K. might need the comfort of fairy tales as we navigate our changed circumstances.
Does it make sense to invest in a company that’s already ticked a lot of ESG boxes or one that could yet do so?
Ultimately, sustainable mining is about encouraging balance between all involved stakeholders across social, environmental, economic and governance factors.
The facility in Nickel on the Kola Peninsula near the Norwegian and Finnish borders was partly why Norway’s sovereign wealth fund blacklisted the miner a decade ago.