Zambia's main opposition party leader Hakainde Hichilema says the government's deal with Glencore is "filling the economy with more debt, expensive debt."
Company has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares.
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of US commodities.
Company reported quarterly earnings above market expectations on Thursday, boosted by firming demand for mining equipment and a recovering automotive sector.