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MMG extends Aussie firm’s P2bn contract at Khoemacau

Friday, July 19, 2024 | 710 Views |

Rumbling on: Khoemacau is due for a $700 million expansion, as it responds to the global surge in copper demand PIC: MINING REVIEW

Chinese state majority-owned firm, MMG, which snapped up Khoemacau Copper Mine in the biggest takeover ever seen in the local market, has decided to keep faith in Australian mining contractor, Barminco, extending the contract by a year.

The revised contract, valued at approximately (Australian Dollars) AU$240 million (P2.1 billion), will now continue until June 30, 2025.

Under the agreement, Barminco will continue to provide underground development, production, and mining support services.

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MMG extends Aussie firm’s P2bn contract at Khoemacau

Chinese state majority-owned firm, MMG, which snapped up Khoemacau Copper Mine in the biggest takeover ever seen in the local market, has decided to keep faith in Australian mining contractor, Barminco, extending the contract by a year.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred