Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals Ltd., escalating a fight over tariffs.
“They have still got some significant amount of power for them to operate, but obviously their operations will not be at 100 percent because of the power restrictions,” Energy Minister David Mabumba told reporters Tuesday in Lusaka, the capital.
Glencore Plc has said it halted production at the Kitwe and Mufulira operations in Zambia’s Copperbelt province after the main electricity provider restricted supplies.
Copper miners in Zambia, Africa’s second-biggest producer of the metal, have been in a dispute with the country’s energy regulator since it raised tariffs by almost 30 percent in 2014. Continue Reading →