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.

Editor's Comment
‘Boraboko’ should face the wrath of the law

Still in Molepolole, a young woman was also reported missing, only for her decapitated body to be found inside in a shallow grave! The issue of missing persons has always been a challenge in our country, and a considerable number of missing persons are unfortunately found dead! Something troubling is the murders related to missing persons, which touch on an array of issues, including the killing of intimate partners, often referred to as passion...

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