Zambia expects to find new Mopani investor by year-end, IMF examines Glencore transaction

Zambia's mining investment arm ZCCM-IH said it expects to find a new investor for Mopani Copper Mines by the end of the year, as the International Monetary Fund looks into Zambia's deal with Glencore, Mopani's majority stakeholder. Zambia became Africa's first pandemic-era sovereign default in November, but ZCCM-IH agreed on Tuesday to take on $1.5-billion in debt for Glencore's stake, making it the sole owner of the mine.