Zambia threatens to revoke Glencore mining licence

FINANCIAL TIMES 🔒| Zambia has threatened to strip Glencore of its licence to operate in the country, sharply escalating a dispute over the miner and commodity trader’s decision to shutter its local copper business.  Last week Glencore announced the closure of lossmaking Mopani for three months because of low commodity prices and the coronavirus pandemic, a move that drew a furious response from Zambia’s mining minister Richard Musukwa, who slammed it as unjustified and illegal.

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