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Glencore worth 323 million US dollar copper project in Zambia towards the end|copper fittings with solder

 

 

Dow Jones in Kampala on September 25, Glencore International (Glencore International) officials said on Thursday that deep mines copper project in Zambia worth $ 323 million to be completed early next year, this project aims at expanding Zambia's copper mines.
Glencore is located in the mopani copper mines in Zambia (Mopani Copper Mines,MCM) spokesman said in a statement Thursday, Glencore Synclinorium Shaft project is expected to be located in Zambia's Nkana mine life extended further 30 years.
In the Copperbelt with the electricity supply companies for several days after a heated confrontation, Vedanta Resources plc (Vedanta Resources PLC) suspension but Glencore's expansion project continues, due to Zambia's intent to maintain the status of Africa's biggest copper miner.
Development of new copper project would ensure that Glencore 115 million tons of copper ore.
Mopani Copper Mines Chief Executive Danny Callow said: "Synclinorium Shaft project will bring hope to thousands of workers, this project gives them jobs. ”
In addition to Synclinorium Shaft project, Glencore has also upgraded the cobalt refinery in Zambia, cobalt capacity by 2015 will increase from the current 2,800 tons to 7,000 tons.
Glencore said in Zambia has invested more than $ 2 billion over the last decade, employs 20,000 workers.
World's largest copper consumer worries of slowing economic growth in China this year, most of the time to weigh on copper prices, copper prices fell earlier in the week to 6,707. $ 25 for a three-month low points. But Citigroup said on Thursday that copper prices will rebound, price of US $ 7,050 per tonne, helped by tighter supply and demand recovery from China

Dow Jones in Kampala on September 25, Glencore International (Glencore International) officials said on Thursday that deep mines copper project in Zambia worth $ 323 million to be completed early next year, this project aims at expanding Zambia's copper mines.

 

Glencore is located in the mopani copper mines in Zambia (Mopani Copper Mines,MCM) spokesman said in a statement Thursday, Glencore Synclinorium Shaft project is expected to be located in Zambia's Nkana mine life extended further 30 years.

 

 

In the Copperbelt with the electricity supply companies for several days after a heated confrontation, Vedanta Resources plc (Vedanta Resources PLC) suspension but Glencore's expansion project continues, due to Zambia's intent to maintain the status of Africa's biggest copper miner.

 

 

Development of new copper project would ensure that Glencore 115 million tons of copper ore.

 

 

Mopani Copper Mines Chief Executive Danny Callow said: "Synclinorium Shaft project will bring hope to thousands of workers, this project gives them jobs. ”

 

 

In addition to Synclinorium Shaft project, Glencore has also upgraded the cobalt refinery in Zambia, cobalt capacity by 2015 will increase from the current 2,800 tons to 7,000 tons.

 

Glencore said in Zambia has invested more than $ 2 billion over the last decade, employs 20,000 workers.

 

World's largest copper consumer worries of slowing economic growth in China this year, most of the time to weigh on copper prices, copper prices fell earlier in the week to 6,707. $ 25 for a three-month low points. But Citigroup said on Thursday that copper prices will rebound, price of US $ 7,050 per tonne, helped by tighter supply and demand recovery from China

 

 

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