African Copper warns of possible closure

Thursday, February 05, 2015

The prevailing low copper prices could force closure of Mowana mine

Cash-strapped African Copper says it might not be able to continue operating if international copper prices, which are at their lowest since 2008, do not rebound.

The copper producer, which employs about 200 workers at its Thakadu and Mowana open pit mines in the northeast district, desperately needs additional money to fund operations.

The warning by African Copper comes shortly after Discovery Metals announced that it would shut its Boseto Mine near Maun in June this year, laying off about 400 workers in the process.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Tribunal cancels P1.8bn tender

Innocent Selatlhwa | 22 Nov 2024

Khama IV finally breaks BaNgwato royal jinx

Sechele Sechele | 22 Nov 2024

Boko’s fiscal path takes shape

Mbongeni Mguni,Pauline Dikuelo,Lewanika Timothy | 22 Nov 2024

BDP was never a liberation movement

Monageng Mogalakwe | 22 Nov 2024

Housing provision tops Boko’s priorities

Spira Tlhankane | 22 Nov 2024

Boko ‘mute’ on immediate promises

Spira Tlhankane | 22 Nov 2024

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

Mmegi Editor | 22 November 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More