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Sandfire bets on Botswana as copper price soars

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Sandfire Resources has its eye on an even bigger prize after pulling the trigger on a new mine in Botswana in the twilight years of its flagship DeGrussa operations in Western Australia.

The Karl Simich-led Sandfire said it would produce 30,000 tonnes of copper a year from the $US259 million ($352 million) T3 mine in Botswana from early in calendar 2023.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/mining/sandfire-in-leap-of-faith-to-botswana-as-copper-price-soars-20201201-p56jg4