Production tumbles at Boseto Mine

Bosetu mine
Bosetu mine

Production at troubled Boseto Copper Mine fell by 13 percent in the last three months of 2014, as the mine continues to struggle ahead of its closure in June this year.

A quarterly review note from the company says mining costs per tonne grew 18.3 percent in the period.

“Productivity was impacted by delays and costs associated with a fire that occurred on waste excavator as well as unscheduled repairs to other digging units. We produced only 5,569 tonnes of copper in concentrate while contained silver also recorded a 26 percent decrease,” reads the statement.

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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