mmegi

Copper sales climb beyond BCL-era levels

Glory days: BCL Mine was the country’s chief base metals producer prior to 2016
Glory days: BCL Mine was the country’s chief base metals producer prior to 2016

Local copper exports continue to ride the wave of growing international prices, with sales in the first quarter reaching P1.4 billion, the highest quarterly earnings since 2016.

The last time copper earnings got close to reaching the exports seen in the first three months of this year, was in the second quarter of 2015 when sales stood at P1.2 billion.

That period marked the beginning of a global copper price meltdown that eventually pushed BCL Limited into liquidation in October 2016.


Editor's Comment
SADC must see its words become action

An election is held in a member state, international observers raise concerns, but the Southern African Development Community (SADC) often remains silent or offers only gentle, diplomatic praise. This has led to a widespread belief that the regional body prioritises solidarity amongst governments over the democratic rights of ordinary citizens. This is why the preliminary statement from the SADC Electoral Observation Mission (SEOM) on...

Have a Story? Send Us a tip
arrow up