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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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