Citizen group takes over Mupane Gold Mine

Changing hands: Mupane mine’s sale is underway
Changing hands: Mupane mine’s sale is underway

FRANCISTOWN: Mupane Gold Mine is set to be sold to a majority citizen-owned company, after its owner, Galane Gold reached a takeover deal with some of the mine’s top managers.

This week, the Canadian company announced plans to sell the mine to Hawks Mining Company Proprietary Limited “at a nominal fee”.

Hawks is a citizen-controlled company run by individuals who form part of Mupane’s top management team. The current Mupane general manager, Cedric Sam is understood to be leading the buyers.

Editor's Comment
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