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Zambia’s debt ridden government adds $1.5 billion debt to buy Glencore copper mine
Zambia’s state mining agency has agreed to purchase Glencore’s majority stake in Mopani Copper Mines for $1.5 billion, belying the government’s perilous financial situation that has seen the Southern African nation become the first pandemic-era sovereign debt default in the continent last year. In announcing the deal, the government said the move was a result…