Discovery shuts Boseto Mine, axes 380 jobs
Thursday, December 18, 2014
The troubled 15,000-tonnes-per-year copper mine, which cut 85 jobs early this year in a restructuring exercise, will be placed on “care and maintenance” within the next six months.
In an interview with Mmegi Business, Discovery Metals Botswana country manager Mokwena Morulane said an internal review over the economic feasibility of Boseto pointed to a soft market outlook for copper, where the price of the metal has dropped by $1,000 per tonne, or 15 percent, since January.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...