Zambia declared its plans to raise its stake in all foreign-owned copper mines to 25 percent from 15 percent to have a bigger say in their running and prevent mine closures. For full story, click here
African Copper said it will suspend production at its Mowana copper mine in Botswana for at least three weeks while it holds talks to raise up to $15 million for its working capital needs. For full story, click here
China’s economic plan will boost copper demand by 6.2 per cent this year. For full story, click here
Australia’s Byrnecut Mining, a front-runner in the race for operating a Hindustan Copper mine, has withdrawn its plans before the bidding process was to end, citing poor global financial conditions. For full story, click here
KGHM KGHM.WA, Europe’s largest copper miner, will discuss exploring copper deposits in China with its partner China Minmetals Corporation, the country’s top metals trading firm, KGHM CEO was quoted as saying on Wednesday. For full story, click here
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