Sandfire awards $496 million mining contract for T3 Motheo Copper Project
2021-06-11 13:20:59 [Print]
Australia's Sandfire Resources said on Wednesday it had awarded a $496 million mining contract and is set to break ground at the T3 Motheo Copper Project in Botswana's Kalahari Copper belt in coming weeks.
The Kalahari Copper Belt, which extends for nearly 1,000 km from northeast Botswana to western Namibia, is touted as one of the world's emerging but mostly under-explored copper-silver region.
"Full-scale construction of the $279 million mine development is expected to commence immediately upon receipt of the mining license, which is expected over the coming weeks, with mining scheduled to commence in early 2022," said the company.
The 3.2 million tonnes per annum opencast T3 Motheo mine will be the second copper mine to be developed in the area.
The Kalahari Copper Belt, which extends for nearly 1,000 km from northeast Botswana to western Namibia, is touted as one of the world's emerging but mostly under-explored copper-silver region.
"Full-scale construction of the $279 million mine development is expected to commence immediately upon receipt of the mining license, which is expected over the coming weeks, with mining scheduled to commence in early 2022," said the company.
The 3.2 million tonnes per annum opencast T3 Motheo mine will be the second copper mine to be developed in the area.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' suspension number statistics by province by month
Unit: pcs
