Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Glencore Xstrata PLC    GLEN   JE00B4T3BW64

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Glencore International Plc : Zambia Mopani Copper Mines To Complete Smelter Upgrades In Dec

02/22/2013 | 06:48am US/Eastern

By Nicholas Bariyo

Special to

Zambia's third largest copper and cobalt producer said Friday it will complete upgrades at its Mufulira Copper Smelter in December 2013, 18 months ahead of schedule as the miner steps up efforts to boost production and minimize pollution.

The completion of the $114 million upgrade at the smelter will help the company to start manufacturing acid from sulphur dioxide emissions and ease the fractious relationship with the country's authorities over pollution. Mopani is a unit of U.K.-listed Glencore International AG (GLEN.LN)

"This project is in its third and final phase and is expected to be completed ... 18 months earlier than initially agreed with the government," the company said in an emailed statement.

The Mufulira smelter treats at least 800,000 metric tons of copper concentrates from the company's mines in the Copperbelt province as well as third party concentrates from a number of other miners operating in Africa's largest copper producing nation, which is struggling under the burden on inadequate copper treatment facilities.

In April last year, the state-run Zambia Environmental Management Agency ordered the closure of Mopani's leach plant at Mufulira for nearly three weeks after it polluted the environment. Company officials said the company was losing around $100,000 a day during the closure.

opani has invested around $2 billion into its Zambian assets, breathing a new life into the ailing facilities that were on the verge of collapsing in the early 2000s, amid low global copper prices.

Other expansion projects in Zambia include the Synclinorium Shaft at Nkana mine, which will extend the life of the mine by 25 years and safeguard about 3,000 jobs. Currently, the company has the capacity to produce around 200,000 tons of finished copper a year.

Write to Nicholas Bariyo at

Subscribe to WSJ:

Recommend :
React to this article
16h ago GLENCORE XSTRATA : Aiteo, Taleveras, Barbedos, Others Win U.S.$40 Billion Oil Li..
22h ago GLENCORE XSTRATA : and Caracal Sign Agreement for to Buy Caracal for GBP5.50 in ..
1d ago Exclusive - Nigeria favours local firms in $40 billion oil contract awards
2d ago BARRICK-NEWMONT UNION : is the third time the charm?
2d ago GLENCORE XSTRATA : Notice of Annual General Meeting and Form of Proxy
5d ago BLACKTHORN RESOURCES : Perkoa jv divestment
6d ago CARACAL ENERGY : Glencore and Caracal Enter into a Definitive Agreement for Glen..
6d ago GLENCORE XSTRATA : Announcement of Notice of AGM
04/16DJYamana Gold, Agnico-Eagle Agree to Buy Osisko--Update
04/16 Analysis - After years of downsizing, refining still matters for majors
Duration : Period :
Glencore Xstrata PLC Technical Analysis Chart | GLEN | JE00B4T3BW64 | 4-Traders
Income Statement Evolution
Glencore Xstrata PLC : Income Statement Evolution
More Financials
Dynamic quotes