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Zambia's ZCCM-IH in talks with Glencore about increasing stake in Mopani

LUSAKA/JOHANNESBURG, Aug 25 (Reuters) - Glencore and Zambia’s mining investment arm ZCCM-IH are in talks about ZCCM-IH potentially acquiring additional shares in Glencore subsidiary Mopani Copper Mines, Glencore and Zambia’s mines minister said on Tuesday.

ZCCM-IH currently holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%.

Glencore said it was in discussions with ZCCM-IH “and other shareholders”, adding that discussions were progressing and further updates would be issued as appropriate. (Reporting by Chris Mfula in Lusaka and Helen Reid in Johannesburg. Editing by Jane Merriman)

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