Base metal exports triple in value

Thinking big: Khoemacau plans to double its output by 2026 PIC: KHOEMACAU.COM
Thinking big: Khoemacau plans to double its output by 2026 PIC: KHOEMACAU.COM

Exports of copper and nickel reached P3.9 billion last year, more than three times their level in 2021, as the industry powered back to life following years of inactivity.

According to Bank of Botswana data made available recently, the value of base metal exports progressively grew across all quarters last year, starting at P653.4 million in the first three months of the year and ending the last three at P1.2 billion.

The trend supports other data indicating that much of the performance last year was due to Khoemacau Copper Mining, which spent 2022 ramping up to its nameplate output capacity of 65,000 tonnes per annum.

Built for $412 million (P5 billion), Khoemacau is currently the country’s sole producer of copper, as efforts are ongoing to resuscitate the BCL Mines and the Mowana operation, now known as Kopano Copper Mine. Construction of Sandfire’s Motheo Mine, situated near Khoemacau, is also being finalised at a cost of more than $200 million.

Khoemacau, meanwhile, is also progressing technical studies into a $700 million expansion which will double output to 130,000 tonnes by 2026, a figure that would put Botswana within the top 30 copper producers in the world.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

Have a Story? Send Us a tip
arrow up