Mopani fires up!
Published On March 22, 2024 » 1093 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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•PRESIDENT Hakainde Hichilema (second right) flanked by Mopani Copper Mines Chief Executive Officer Charles Sakanya and International Resource Holding (IRH) Chief Executive Officer Ali Alrashdi (left) unveils a plaque to officially welcome the new Mopani equity partner, IRH of the United Arab Emirates in Kitwe yesterday. Picture by GOODSON LUPIYA/ZANIS

By KENNEDY MUPESENI and ESTHER NG’ANDU –
PRESIDENT Hakainde Hichilema envisages that the resuscitation of the Mopani Copper Mine (MCM) will spur a new lease of life on the Copperbelt and wholesomely boost the Zambian economy.
The President has also stated that this development will instigate the reduction of the mine’s debt stock from a staggering US$1.7 billion to US$550 million.
He said when he graced the occasion of the official hand over of the Mopani mine the restructuring of the Glencore debt and subsequent investments of about US$610 million in Mopani operations was a significant leap in quest to stabilise the economy.

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