Aussie firm plans new $260m copper mine near Gantsi

Friday, December 04, 2020

Coming up: Sandfireu00e2u20acu2122s P2.9 billion mine is due by 2023 PICS: sandfire.com.au

Sandfire Resources, an Australia Stock Exchange-listed group, has approved the construction of a $259 million (P2.9 billion) copper mine 80 kilometres from Gantsi, the latest such development on the Kalahari Copperbelt.

The 1,000-kilometre belt running south west to north east, is known to contain millions of tonnes of copper and silver resources, but its heavy sands and lack of grid electricity have kept development at bay over the decades.

Boseto Mine, the first major development attempted on the Kalahari Copperbelt, folded in 2015, but Khoemacau Copper Mining is on track to establish a $565 million operation by next year, producing 60,000 tonnes per annum.

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Aussie firm plans new $260m copper mine near Gantsi

Sandfire Resources, an Australia Stock Exchange-listed group, has approved the construction of a $259 million (P2.9 billion) copper mine 80 kilometres from Gantsi, the latest such development on the Kalahari Copperbelt.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply