Alecto ramps up production at Mowana mine

Friday, June 09, 2017

Mowana Mine restarted operations early this year

AIM-listed miner, Alecto Minerals has raised £800, 000 (P10 million) through the issue of further convertible loan notes to further complete its reverse takeover of Cradle Arc Investments, which owns the Mowana copper mine.

The mine is ramping up to full production capacity and is on track to deliver production of 12,000t of copper concentrate in the third quarter.

The funds raised will be used to provide a loan of up to $1-million to Cradle to meet the working capital requirements at Mowana during the ramp-up phase.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Black gold: Minergy is one of the MDCB’s investments through a convertible loan. The coal mine is eyeing a turnaround in fortunes this year PIC: MINERGYCOAL.COM

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 18 h ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 22 Apr 2024

Serowe man 'loses' P1m in trading

Pini Bothoko | 22 Apr 2024

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...

The Monitor Editor | 23 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

Alecto ramps up production at Mowana mine

AIM-listed miner, Alecto Minerals has raised £800, 000 (P10 million) through the issue of further convertible loan notes to further complete its reverse takeover of Cradle Arc Investments, which owns the Mowana copper mine.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!