Mmegi

Giyani finalises P354m package for Kanye manganese project

Wednesday, January 24, 2024 | 3760 Views |

Hidden riches: The entrance to an old horizontal shaft at K.Hill PIC: MBONGENI MGUNI

Canadian firm, Giyani Metals, has finalised $26 million (P353.6 million) in funding needed to move the Kgwakgwe Hill project to a final investment decision, which includes establishing a demo plant to produce battery-grade manganese.

In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources and renewable energy”. In November, Giyani scored a $16 million convertible loan facility from South Africa’s Industrial Development Corporation towards the final activities required to move the Kgwakgwe Hill (K.Hill) project forward.

The deal with ARCH involves Giyani offering both equity and a share of royalties for the funding.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

mining

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 1 h ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 1 h ago

Day 3: Search for Maun missing boy continues

Staff Writer | 2 h ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 2 h ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 2 h ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 2 h ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 2 h ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 3 h ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

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

Giyani finalises P354m package for Kanye manganese project

Canadian firm, Giyani Metals, has finalised $26 million (P353.6 million) in funding needed to move the Kgwakgwe Hill project to a final investment decision, which includes establishing a demo plant to produce battery-grade manganese.