Mowana Mine closes, sends 400 workers home

Mowana Mine is facing uncertainty because of declining copper prices
Mowana Mine is facing uncertainty because of declining copper prices

African Copper yesterday suspended operations at its Mowana Mine outside Francistown, putting close to 400 workers on paid leave until November 19, when the High Court is due to hear a liquidation plea brought by one creditor.

The troubled mine has been battling declining copper prices since 2008 and African Copper’s latest financial results show that the company recorded a loss of $8.8 million (P89 million) for the six-month period ended September 30, 2014, compared with a loss of $29.1 million for the corresponding period in 2013.

African Copper shut down its adjacent mine, Thakadu, earlier this year while warning that continued operations were dependent on an improvement in copper prices and additional funding.

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The elections had two teams namely: Team Reshaping MISA and Team Integrity. All Team reshaping MISA member won except for one candidate for the Secretary post. One can say it was a long road to the elections, looking at the fact that it took four years for the elections to be held. MISA board elections are supposed to be held every two years, but they could not be held in time due to the outbreak of the COVID-19 pandemic, which affected many...

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