Khoemacau presses towards full output despite copper price fall
Friday, July 08, 2022 | 400 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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...