Contractor pulls plug on troubled African Copper

Mowana Mine
Mowana Mine

South African mining contractor, Diesel Power Mining Services has suspended all works at African Copper’s Mowana mine over non-payment of financial dues. African Copper engaged Diesel last year in a $113 million (P1.2 billion) hard-rock opencast mining contract spanning over 52 months.

In a response to Mmegi Business enquiries, Diesel Power’s parent company, Buildmax, said it has enforced its contractual right to suspend contract mining services as a result of their client’s inability to meet payment obligations.

“We have suspended operations due to non-payment but we are in discussions and taking legal advice for the appropriate action to mitigate losses.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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