Khoemacau to spend P2bn on new copper mine

Sam Ramsmussen Pic Kabo Mpaetona
Sam Ramsmussen Pic Kabo Mpaetona

Mining company, Khoemacau says it will spend $200 million (P2 billion) to bring its new copper and silver mine at Somelo in the northwest region to production.

The construction of the mine is set to start in 2016 with the first copper shipment to the markets expected in 2018.

Addressing the media in Gaborone yesterday, Cupric Africa Chief Executive Officer, Sam Rasmussen said the mine will produce 50,000 tonnes of copper and 1.8 million ounces of silver per annum.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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