Discovery eyes P2bn Boseto expansion kitty

 The Boseto Mine, which was commissioned last year, currently produces 36,000 tonnes of copper and 1.1 million ounces of silver in concentrate per year. But plans are underway to ramp up production to 50,000 tonnes per year through an expansion of plant capacity by 66 percent from 3 million tonnes per annum (mtpa) to 5mtpa by 2015, based on the expanded mineral resources.

In a statement to the Botswana stock Exchange (BSE), Australian based miner announced that it is finalising plans for debt market issuance to raise between P1.6 ($200 million) and P2 billion ($250 million).