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Zambia's Glencore's unit agrees to pay new higher electricity tariffs

Staff Writer |
Glencore's Zambian unit Mopani Copper Mines (MCM) will pay increased electricity prices caused by the removal of state energy subsidies, the mines minister said.

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Copperbelt Energy Corp. which buys power from the state-owned electricity company and sells to mines, slashed supply to Mopani due to a dispute over new, higher tariffs.

"They signed the agreement with Copperbelt Energy Corporation.

"The agreement is just acknowledgement of the new tariffs," Mines Minister Christopher Yaluma told a media briefing, Reuters reported.

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