African Copper Mine in financial doldrums

Wednesday, October 14, 2015

FRANCISTOWN: The African Copper Mine (ACM) is reportedly faced with serious financial constraints, a situation that threatens the future of the mine.

The cost cutting and saving measures that ACM implemented early this year following the closure of Thakadu Mine seem not to be working well as the mine is reportedly bankrupt. ACM implemented the measures as well as planning to work smarter by increasing production at its Mowana operations.

The measures were implemented to augment for the fall in revenues caused by the decrease in copper prices.

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