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Khoemacau presses towards full output despite copper price fall

Friday, July 08, 2022 | 390 Views |

Digging deep: Khoemacau executives say the plan to ramp up production is going ahead despite a drop in prices

MAUN: Khoemacau Copper Mining plans to ramp up to its full production of 65,000 tonnes by the end of the year, despite a drop in the price of the base metal, BusinessWeek has established.

Having climbed sharply after Russia invades Ukraine, copper prices have been slipping and are currently estimated to have fallen about 21% since the beginning of the year.

Khoemacau Chief Financial Officer Jaco Maritz told the media on Monday that the company is currently selling its output at $8,300 per tonne, acknowledging that prices had been declining.

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