Khoemacau Copper Mine is expected to contribute approximately, P119 billion to the GDP, with an estimated average annual tax revenue of over P1 Billion during the 22 year lifespan of the mine.
This project currently has a staff compliment of 2,800; 96% of whom are locals.On the 28th of June 2019, President Masisi officiated at the Khoemacau Copper Mining groundbreaking ceremony.
This marked the official launch of the Mining Project at the Zone 5 processing plant, 72km from Maun.
Khoemacau has cultivated Kalahari Copper Belt commercial glory following failed attempts by Discovery Metals which liquidated in 2013.
The company which is backed by foreign investors acquired Discovery Metals ‘s Boseto assets and further developed Zone 5 into a world class underground mine
The mine has the capacity to produce 165, 000 tonnes of highgrade copper and silver concentrate a year, containing about 65,000 tonnes of payable copper and 2 million ounces of payable silver.
Government says this is yet another demonstration of its commitment to create a healthy environment for private sector participation in the country’s economy.
“It is also a fulfillment of Government’s commitment to partner with the private sector to bring infrastructural developments and create employment in the country.