Zambia's ZCCM-IH signs deal with International Resources Holding for Delta Mining to acquire a 51% stake in Mopani Copper Mines for $1.1bn, under a $1.

Zambia's ZCCM-IH has entered into a deal with International Resources Holding (IRH) for IRH's wholly-owned subsidiary, Delta Mining, to acquire a 51% interest in Mopani Copper Mines (MCM) for $1.1 billion. Part of this strategic partnership comprises a $1.5 billion debt restructuring for Mopani, involving a $400 million shareholder loan, with an additional royalty agreement in place for any copper prices above $12,000 per tonne.

February 02, 2024
6 Articles