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Zambian president: We have problems only with Mopani

Staff Writer |
Zambian President Edgar Lungu has told Glencore's Mopani Copper Mines (MCM) unit to accept higher electricity prices caused by the removal of state energy subsidies, his spokesman said.

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Copperbelt Energy Corp., which buys power from the state-owned electricity company and sells it to mines, slashed the supply to Mopani to 94 MW from 130 MW following a dispute over the new tariffs.

Mopani said on Friday the power supply restrictions had put its investments at risk, and has warned that it might lay off 4,700 staff as a result of the cuts.

Presidential spokesman Amos Chanda questioned Mopani's decision to contest the higher tariffs, saying all other mining companies had accepted them.

"We do not have problems with any other mining company other than Mopani and they are mining the same copper," he told reporters, calling Mopani's jobs warning unacceptable.

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