Glencore Zambia unit completes refinery upgrade | Fin24
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Glencore Zambia unit completes refinery upgrade

May 21 2015 15:30


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Last traded 35
Change 1
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Cumulative volume 11407043
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Lusaka - Zambia's Mopani Copper Mines (MCM) owned by Glencore [JSE:GLN] said on Thursday it had completed upgrading a copper refinery at a cost of $74m, seven months ahead of schedule.

Mopani said in a statement that the completion of the upgrades at the Mufulira refinery located 385 km north of the capital Lusaka would reduce energy consumption and hasten production.

"Our refinery in Mufulira has been using an old conventional electro refining process since the 1930s when the refinery was commissioned," the company said.

Production of copper cathodes would start soon, MCM said.\

glencore  |  zambia  |  mining


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