State power utility Zesco announced in April that it would raise power tariffs for mining companies operating in Zambia to $0.093/kWh backdated to January 2017, replacing individually negotiated rates that have averaged $0.06/kWh. The move has not gone down well with mining companies, which consume 50% of Zambia’s total power output, and on 11 August, Zesco and Copperbelt Energy Corporation (CEC) announced they were “restricting” power supply to mining companies operated by Canada’s First Quantum Minerals (FQM) and Swiss commodities trader Glencore that had refused to pay the new tariff.
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