African Copper warns of possible closure

The prevailing low copper prices could force closure of Mowana mine
The prevailing low copper prices could force closure of Mowana mine

Cash-strapped African Copper says it might not be able to continue operating if international copper prices, which are at their lowest since 2008, do not rebound.

The copper producer, which employs about 200 workers at its Thakadu and Mowana open pit mines in the northeast district, desperately needs additional money to fund operations.

The warning by African Copper comes shortly after Discovery Metals announced that it would shut its Boseto Mine near Maun in June this year, laying off about 400 workers in the process.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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