Khoemacau looks to soar on strong copper prices

Ramping up: A truck being loaded at Khoemacau PIC: KHOEMACAU.COM
Ramping up: A truck being loaded at Khoemacau PIC: KHOEMACAU.COM

Budding copper producer, Khoemacau Copper Mining is riding on the surge in prices of the base metal to ramp up its output to full design capacity and finalise an expansion project that will double production at its mine on the Kalahari Copperbelt.

Built at $412 million (P5 billion), Khoemacau Copper Silver Mine is currently the country’s sole producer of the base metal, as efforts are ongoing to resuscitate the BCL Mines and the Mowana operation, now known as Kopano Copper Mine. Khoemacau produced its first copper-silver concentrate in July last year and in February, officials said production rates were at about 40% of the nameplate 65,000 tonnes and two million ounces of copper concentrate per annum.

With copper prices having risen by about 125% since March 2020, driven by resilient Chinese demand and slowing global production, Khoemacau Copper Mining CEO Johan Ferreira said the emerging mine was looking to ride the wave.

Editor's Comment
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This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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