Sibanye interested in Zambia's Mopani Copper Mines – Froneman copper batteryminerals mining Africa Zambia
Sibanye-Stillwater has expressed an interest in Zambia's Mopani Copper Mines, the mine and smelter complex looking for new investors after Glencore sold the asset to the state in January last year, CEOFroneman said Sibanye had registered an interest around a year ago, and that "we remain interested".Zambia's state mining firm ZCCM-IH hired Rothschild in June to help find a new investor to upgrade and expand it.
Mopani, which is more than 90 years old, has the potential to produce 225 000 t/y of copper, nearly three times its expected 2022 production, but it needs investment of at least $300-million to fund a complicated underground expansion.
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