African copper record output drop
Thursday, August 21, 2014
Mowana Mine
In the update for the half-year ended June 30, 2014, the Botswana Stock Exchange listed copper exploration and production mine, said the records indicates that the volume of the copper processed decreased by 6.4 percent to 2, 703 billion tonnes.
Although the company recorded nine percent increase in the copper recovery rate to 92.6 percent for the financial year 2015, the recovery rate for the month of June decreased by 7.2 percent to 87.2 percent.
The situation is exacerbated by the ruling party’s admission that some of its most important election promises remain unfulfilled. This is not the change many Batswana had expected. The UDC was elected into power on a strong promise to improve lives, create jobs, protect workers and repair public services. It is therefore, not enough for the party to point only to new ministries, policies and long-term plans. These may be necessary, but...