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
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.
When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...