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Glencore's Zambian unit says investments at risk due to power issues
August 25, 2017 / 3:31 PM / 25 days ago

Glencore's Zambian unit says investments at risk due to power issues

LUSAKA, Aug 25 (Reuters) - Glencore’s Zambian unit Mopani Copper Mines (MCM) said on Friday that the continued restriction of power supply to its operations due to a dispute with its electricity supplier over prices has put its investments at risk.

Copperbelt Energy Corp. (CEC), which buys power from the state-owned electricity company and sells to mines, slashed supply to Mopani to 94 MW from 130 MW following a dispute over new, higher tariffs. (Reporting by Chris Mfula; Editing by James Macharia)

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