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GLEN Glencore Plc

455.00
-3.70 (-0.81%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.70 -0.81% 455.00 455.55 455.70 457.80 449.30 451.15 28,904,035 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3508 12.98 55.57B

Mopani Copper Mines to Place Operations on Maintenance

07/04/2020 4:30pm

Dow Jones News


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By Adriano Marchese

 

Mopani Copper Mines PLC said Tuesday that it will place its mining operations on maintenance as the coronavirus pandemic has forced the company to put its projects on hold.

The Zambian miner--a joint venture company in which Glencore PLC has a majority interest--said the mines will reduce operations to maintenance levels effective April 8, adding that its smelter and refinery has enough material to continue processing "until further notice."

The company said the operating, regulatory and macro-economic environments remain challenging and have continued to place "significant" pressure on the business, made worse by the decline in copper prices as well as global disruptions caused by the spread of the pandemic.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

April 07, 2020 11:15 ET (15:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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