Khoemacau to spend P2bn on new copper mine

Wednesday, July 08, 2015

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.

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