Mowana Mine, Botswana

The project will entail the development of an openpit min (in phases) to produce about 15 000 t/y of copper, known as Mowana Mine. The mine will be developed an as openpit to extract near-surface oxide ore amendable to heap leaching and later to supplemented by underground mining of the sulphide ore to be recovered by flotation concentration. The life of the mine is expected to be 18 years and has the potential for additional future reserves. The new overall capital cost estimate for the mine is R892.4 million. Working capital is estimated to be R47.3 million.