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Govt buys De Beers out of Morupule Coal Mine

Smith
Smith

Government is taking over full ownership of Morupule Coal Mine (MCM) before transferring the shares in the country’s sole coal miner to the new Minerals Development Company of Botswana (MDCB).

Debswana currently owns MCM with government holding 50% while the remainder belongs to De Beers.

Responding to BusinessWeek enquiries, MDCB CEO Paul Smith said the proposed three-stage transaction involves the unbundling of Debswana’s shareholding in MCM.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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