Glencore’s Copper-Mining Halt Deals Blows to Congo, Zambia

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(Bloomberg ) Lusaka-Kinshasa, Monday 07 September 2015 – Glencore Plc’s decision to suspend production at units in the Democratic Republic of the Congo and Zambia will halt about a quarter of the countries’ copper output and confront their governments with the potential of job losses a year before elections, analysts said. Glencore’s announcement that it will suspend copper and cobalt production at Katanga Mining Ltd. is a “major blow” to the Congolese government of Joseph Kabila, Ahmed Salim, senior associate at New York advisory firm Teneo Intelligence, said in an…