Khoemacau pledges P3bn in royalties to govt

The mine is being developed by Cupric Canyon Capital, a firm powered by London-based natural resource private equity titan, Global Natural Resource Investments.

Cupric Canyon already has a funding package of P7.3 billion for Khoemacau, located on the Kalahari Copperbelt. The first copper out of the facility’s gates is expected by April 2021 and the mine has a lifespan of approximately 21 years. The developing company took over the mothballed Boseto in July 2015 and it will use the failed mine’s processor for the new, high-tech Khoemacau. Boseto and Khoemacau have neighbouring orebodies.