Australia's Sandfire Resources Ltd plans to spend additional $71.9 million to expand production at Botswana's newest copper mine as it looks to establish a major mining hub in the Kalahari Copper Belt, the company said on Tuesday.
plans to spend additional $71.9 million to expand production at Botswana's newest copper mine as it looks to establish a major mining hub in the Kalahari Copper Belt, the company said on Tuesday.
The mine is expected to produce 3.2 million tonnes per annum of copper by March next year. Thereafter, the company will expand its production to 5.2 mtpa through a new processing plant and a new open pit mine, located 8 kilometers west of the mine.Sandfire said that since the start of construction it had invested $185.4 million, which represents 47% of the total development cost estimated at $397.4 million.
"In parallel with this development, we are also continuing a major exploration campaign both in the near-mine area as well as across our extensive landholding in the Kalahari Copper Belt aimed at defining additional ore sources that can feed into our expanded processing hub at Motheo or support the development of new production centres across the region,” Simich said.
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