Boseto Mine bid reaches competition watchdog

Wednesday, June 03, 2015

The Competition Authority (CA) is now examining a proposed bid by Barclays Capital-backed Cupric Canyon to buy the mothballed Boseto Mine near Maun. The mine, which closed earlier this year leaving over 800 people jobless, is currently facing liquidation over unpaid debts with a creditors’ meeting slated for next week expected to decide the fate of the operation.

In a statement, the CA said it has received a merger notification for the proposed acquisition and was thus inviting stakeholders’ submission on the bid.

Australian mining company, Discovery Metals is the owner of the Boseto Mine.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Breathing room: Overall inflation is slowing down, including troublesome food inflation PIC MORERI SEJAKGOMO

Sebego wins first round but BFA appeals

Staff Writer | 15 h ago

‘Couple hires hitman to murder ex-girlfriend, children’

Lebogang Mosikare | 12 Apr 2024

BPF coalition revocation receives backlash

Tsaone Basimanebotlhe | 12 Apr 2024

Violent crime surge in Central District

Pini Bothoko | 12 Apr 2024

Fare thee well ex-terrorist, liberation fighter

Martin Dingake | 12 Apr 2024

Khama pleads with court to remove Serogola

Innocent Selatlhwa | 12 Apr 2024

Mokgweetsi Masisi’s recent spats regarding the supposed involvement of Eswatini and South Africa in accommodating former president Ian Khama have sparked concerns about the potential ramifications on diplomatic relations. While transparency is valued, it must be accompanied by strategic communication to mitigate unintended consequences.President Masisi’s comments during a diplomatic heads meeting have drawn attention to the delicate balance...

Mmegi Editor | 12 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More