A dimming copper dream suddenly burns bright
Friday, March 24, 2023 | 1970 Views |
Better days: BCL Mine’s smelter will likely be sold off piecemeal
Since the base metal meltdown of 2016, when a commodity price rout crashed operations at BCL Ltd, Discovery Metals and African Copper, the local copper sector has slowly and painfully pulled itself back up from the collapse.
As prices have picked up since, players such as Khoemacau Copper Mining and Premium Nickel Resources Botswana, located on the Kalahari Copperbelt and at the former BCL respectively, have led the base metal sector’s revival and are presently the most advanced projects.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...