Share

Copper360 FY revenue up 14.7%

Copper360 has issued an operational update, indicating that they have raised of R380 million in growth capital and the secured a R650 million equity facility. These funds facilitated strategic investments, such as R105 million investment in the Rietberg Mine, the R27 million investment the SX/EW plant optimization, and R200 million in acquiring the Nama Copper operations. Despite challenges like load shedding and mill failures, the company invested R25.9 million in a 6.4MW generator farm and R37.8 million in a new mill and crushing facility. Jan Nelson, CEO, Copper 360 joins CNBC Africa for more.
Tue, 11 Jun 2024 17:05:32 GMT