Galane Gold completes acquisition of Galaxy Gold

Mupane Gold Mine
Mupane Gold Mine

The country’s sole gold miner, Galane Gold has announced that it has completed the acquisition of Galaxy Gold, a gold mining company in the Mpumalanga Province of South Africa

Galane Gold, which owns the Mupane Gold Mine, located approximately 50 kilometres from Francistown in northeastern Botswana, said it will make an offer to all other shareholders of Galaxy to acquire the remaining shares on economically equivalent terms.

Chief executive officer, Nick Brodie said they are pleased to have completed the acquisition noting it added what they believe is a significant asset to the company’s portfolio.

Editor's Comment
End the GammaNgwato chieftainship spats

The chieftainship spats between Seretse and Khama’s uncles have purely degenerated into a permanent elephant in the room and it does not seem anyone cares to ensure this hurdle is dealt with promptly for the attainment of peace for GammaNgwato’s bogosi.Just as the proverbial, when two elephants fight, it is the grass that suffers aptly suggests, and so is the state of the institution of bogosi in GammaNgwato.Such is the case because the...

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