Contractor appointed as Mowana Mine reopens

Wednesday, March 01, 2017

Africa-focused gold and copper exploration and development company, Alecto Minerals has announced the appointment of a mining contractor to commence operations at the mothballed Mowana Copper Mine.

The mine has been closed since November 2015, after another mining contractor, Diesel Power Limited, applied for provisional liquidation of the company over a P47 million debt.

In a statement released yesterday, Alecto said the appointment of Giant Transport Holdings demonstrates the company’s commitment to applying a new approach at Mowana, which will enable it to rapidly leverage the existing mineral resource.

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