Mowana Mine Reopens, African Copper Posts Profit

Botswana Stock Exchange (BSE)-listed junior copper miner, African Copper, has posted a first-half profit aided by a reversal of impairment and said it restarted the operations at Mowana Mine near Dukwi.

The company also said it has appointed David Rodier as its new chairman and was confident about the future.

African Copper, which had put its Mowana mine on care and maintenance in January pending completion of financing talks, said it had received $41 million in funding from mining investment firm Zambia Copper Investments Ltd (ZCI).

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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