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Power restored to Zambia copper mines after blackoutLUSAKAFri...

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    Power restored to Zambia copper mines after blackout
    LUSAKA
    Fri Jun 18, 2010 11:01am EDTStocks
    Vedanta Resources plc
    VED.L
    2,331.00p
    +6.00+0.26%12:00am UTC+1000
    Metorex Ltd
    MTXJ.J
    369.00
    +14.00+3.94%12:00am UTC+1000
    LUSAKA June 18 (Reuters) - Power supply has been restored to most copper mines in Zambia, Africa's top producer of the metal, after a nationwide blackout on Friday led to a halt in output, the main distributor of electricity to the mines said.

    Basic Materials

    "Its back to normal, Zesco (state owned power utility) has finally restored supply," Michael Tarney, the managing director for corporate development at Zambia's Copperbelt Energy Corp (CEC) told Reuters.

    The CEC supplies power to some foreign mining companies in Zambia, including London-listed Vedanta Resources Plc's (VED.L) Konkola Copper Mines, Swiss firm Glencore International AG's [GLEN.UL] Mopani Copper Mines, South African Metorex's (MTXJ.J) Chibuluma and Chinese-owned Chambishi Metals and Luanshya mines. (Reporting by Chris Mfula; Writing by James Macharia)

    Basic Materials
 
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