Cupric seeks P3.5bn to build new copper mine

Friday, November 06, 2015

Mining company, Khoemacau says it will approach the markets to raise up to $350 million (P3.55 billion) needed to bring its new copper and silver mine at Somelo in the northwest region to production.

The construction of the mine is set to start in late 2016 with the first copper shipment to the markets expected in 2018.

In an interview with BusinessWeek, Cupric Canyon Africa Chief Executive Officer, Sam Rasmussen said the mine will produce 50,000 tonnes of copper and 1.5 million ounces of silver per annum. Cupric Canyon Africa is the parent company to Khoemacau.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Stand-out: Athletics has over the years been the leading code PIC: BNSC

Athletics likely to go solo at Olympics

Calistus Kolantsho | 22 h ago

Amidst BFA fights, Sebego raises hand for presidency

Mqondisi Dube | 23 h ago

Chiefs puzzled by docking of points

Boitumelo Khutsafalo | 23 h ago

Fitness trainer, Zongwane breaks barriers

Calistus Kolantsho | 23 h ago

Khawa dangles largest payout

Kabelo Boranabi | 23 h ago

Ex-badminton official maintains innocence

Calistus Kolantsho | 23 h ago

Kwa Nokeng Oil sponsors young biker with P120,000

Larona Makhaiza | 23 h ago

Kwa Nokeng Oil sponsors young biker with P120,000

Larona Makhaiza | 23 h ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 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

Cupric seeks P3.5bn to build new copper mine

Mining company, Khoemacau says it will approach the markets to raise up to $350 million (P3.55 billion) needed to bring its new copper and silver mine at Somelo in the northwest region to production.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative