Zambia's Mopani Copper Mines losses deepen amid search for new investor

The process to select a new investor is likely to be completed within the next two months, ZCCM CEO Ndoba Vibetti told Reuters on Monday.

Attracting a new investor could help boost the government's plan to triple output in Africa’s second-largest copper producer over the next decade. "Mopani's future hinges on its planned completion and commissioning of expansion capital projects," ZCCM said. "The company has planned for a ramped-up production profile as these projects are expected to be commissioned to full capacity by 2027."in 2021 for $1.5 billion in a deal funded by debt.furtherZCCM said Mopani requires $300 million to complete expansion projects over the next three years and raise copper output to more than 200,000 tons.

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