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Daily Market News

Glencore Open To Deals As Investors Brace For More Mining M&A – Mining.com

Miner and commodity trader Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper producer. “As we have always said, M&A is something we are good at and we are always open to do transactions that are value-accretive for the company,” a Glencore spokesperson said. Potential M&A deals were the chief preoccupation for investors in the sector in 2024, but BHP’s USD49 billion failed bid for Anglo American in May showed the difficulty of combining diversified producers.

Apple Hit By Belgian Probe Over ‘Blood Minerals’ From Congo – Financial Times

Belgium has started a criminal probe into allegations that Apple has knowingly sourced “blood minerals” from the Democratic Republic of Congo, in what lawyers for the central African country have called a “massive laundering and greenwashing operation”. In December, the DRC filed criminal complaints in Belgium and France against subsidiaries of the US tech group, alleging they used minerals supplied by armed groups committing atrocities in eastern Congo. Lawyers acting for DRC said prosecutors in Belgium had last week appointed an investigative judge — who oversees the investigation and is in charge of issuing arrest warrants, wiretaps and raids — to probe the case. They were still awaiting a decision from France, where the process was slower.

Saudi Arabia Is Still Assessing BRICS Membership, Minister Says – Bloomberg

Saudi Arabia’s membership in the BRICS bloc of emerging economies is still being assessed more than a year after the kingdom was invited to join the alliance, according to the country’s minister of economy and planning. “The kingdom is always focusing on fostering more global dialogue,” Faisal Al-Ibrahim said in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland. “We’ve been invited to the BRICS, similar to how we’ve been invited to many other multilateral platforms in the past historically,” he said. “We assess many different aspects of it before a decision is made and right now, we are in the middle of that.”

Zambia Bonds Trading Summary

1 government bond trade was processed today with a face value of ZMW1,355,000 generating a turnover of ZMW999,760.

Lusaka Securities Exchange Trading Summary

For ZMW denominated securities: In 96 trades recorded today 26,044 shares were transacted resulting in a turnover of ZMW250,827.97. No price changes were recorded today. Trading activity was recorded in the following securities ATEL, CECZ, CHIL, PUMA, SCBL, ZABR, ZCCM, ZMBF, ZNCO, ZSUG as well as PMDZ and CCAF on the quoted tier.

For the USD denominated security (REIZ): No trades in REIZ took place today

The LuSE All Share Index (“LASI”) maintained its previous trading day close at 15,360.95 points. The market closed on a capitalization of ZMW215,596,634,122.50 including Shoprite Holdings and ZMW78,744,744,514.50 excluding Shoprite Holdings.