MMG Approves US$900 Million Expansion of Khoemacau Copper Mine in Botswana

MMG ( (HK:1208) ) has issued an update.

MMG Limited has approved a major expansion of the Khoemacau Copper Mine in Botswana, committing around US$900 million to extend mining to additional deposits and build a new 4.5 Mtpa processing plant, lifting total milling capacity to more than 8.0 Mtpa. The project is expected to increase annual copper production to 130,000 tonnes in concentrate with more than 4 million ounces of silver by the first half of 2028, while lowering the life-of-mine average C1 cost to below US$1.60 per pound from US$2.05, enhancing the mine’s profitability and scale within MMG’s copper portfolio; the company also sees further expansion potential to as much as 200,000 tonnes of copper per year, with a pre-feasibility study on the next phase slated to start in 2026, underlining Khoemacau’s role as a long-term growth platform for MMG and its stakeholders.

The most recent analyst rating on (HK:1208) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.

More about MMG

MMG Limited is a Hong Kong–incorporated resources company engaged in the exploration, development and operation of base metal mines, with a significant focus on copper production. The group manages a global portfolio of mining assets and is positioning itself to expand its copper output in line with long‑term demand for the metal in industrial and energy-transition applications.

YTD Price Performance: 239.45%

Average Trading Volume: 65,254,202

Technical Sentiment Signal: Buy

Current Market Cap: HK$105.5B

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