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
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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