Discovery shuts Boseto Mine, axes 380 jobs

The troubled 15,000-tonnes-per-year copper mine, which cut 85 jobs early this year in a restructuring exercise, will be placed on “care and maintenance” within the next six months.

In an interview with Mmegi Business, Discovery Metals Botswana country manager Mokwena Morulane said an internal review over the economic feasibility of Boseto pointed to a soft market outlook for copper, where the price of the metal has dropped by $1,000 per tonne, or 15 percent, since January.