MMG Approves $900 Million Khoemacau Copper Mine Expansion

Reuters2025-12-29

MMG Approves $900 Million Khoemacau Copper Mine Expansion

MMG Ltd. has announced the approval of a major expansion project at the Khoemacau Copper Mine in Botswana. The expansion will increase the mine’s annual production capacity to 130,000 tonnes of copper in concentrate, with silver output expected to exceed 4 million ounces. The project involves extending mining operations to the Zone 5 North, Mango, and Zeta North-East deposits, as well as constructing a new 4.5 million tonnes per annum processing plant, raising total milling capacity to over 8 million tonnes per year. The total capital expenditure is estimated at approximately US$900 million, with first production from the expansion expected in the first half of 2028. The life-of-mine average C1 cost is projected to improve to below US$1.60 per pound, down from US$2.05 per pound for the first half of 2025. Further expansion potential is under consideration, with a pre-feasibility study scheduled for 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MMG Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251229-11967991), on December 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The expansion will increase the mine’s annual production capacity to 130,000 tonnes of copper in concentrate, with silver output expected to exceed 4 million ounces. The project involves extending mining operations to the Zone 5 North, Mango, and Zeta North-East deposits, as well as constructing a new 4.5 million tonnes per annum processing plant, raising total milling capacity to over 8 million tonnes per year. The total capital expenditure is estimated at approximately US$900 million, with first production from the expansion expected in the first half of 2028. The life-of-mine average C1 cost is projected to improve to below US$1.60 per pound, down from US$2.05 per pound for the first half of 2025. 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ID: HKEX-EPS-20251229-11967991), on December 28, 2025, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1592","symbol_name":"有色金属","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251228:nNDL313LRD:1","article_id":"2595027485","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595027485","pubTimestamp":1766963276,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MMG Ltd. has announced the approval of a major expansion project at the Khoemacau Copper Mine in Botswana. 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The project involves extending mining operations to the Zone 5 North, Mango, and Zeta North-East deposits, as well as constructing a new 4.5 million tonnes per annum processing plant, raising total milling capacity to over 8 million tonnes per year. The total capital expenditure is estimated at approximately US$900 million, with first production from the expansion expected in the first half of 2028. The life-of-mine average C1 cost is projected to improve to below US$1.60 per pound, down from US$2.05 per pound for the first half of 2025. Further expansion potential is under consideration, with a pre-feasibility study scheduled for 2026.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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