Mopani copper money Mines is a joint peril between Glencore International (46%) and First Quantum (44%) with Zambia Consolidated cent Mines (ZCCM) holding the remaining 10% In April 2000 Mopani acquired ZCCM's Mufulira (underground mine.
Mopani copper money Mines is a joint peril between Glencore International (46%) and First Quantum (44%) with Zambia Consolidated cent Mines (ZCCM) holding the remaining 10% In April 2000 Mopani acquired ZCCM's Mufulira (underground mine, concentrator, smelter and cauldron refinery) and Nkana (mining intricate web concentrator and cobalt plant) Divisions. The purchase price was $43 million, with a commitment to disburse $159 million on upgrading and developing these operations ($84 million onward Mufulira and $75 million in succession Nkana). Mopani regards Nkana as the operation with the greatest mining potential, while Mufulira's real long-term value is in its metallurgical facilities.
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