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Gvt weighs Khoemacau 15% stake option

Johonnes Tsimako of Khoemocau Copper Mining
Johonnes Tsimako of Khoemocau Copper Mining

Government has engaged an international consulting firm to evaluate if the state should exercise its right to take up a 15 percent stake in budding mining house, Khoemacau Copper Mining.

The mining company, which bought off Boseto Mine from Discovery Metals this year, is building a 50,000 tonnes a year copper mine near Somelo, in the northwest.

Khoemacau regional manager, Johannes Tsimako told BusinessWeek that the government has not yet advised on whether it would take up the stake as it was still awaiting recommendation from the consultancy firm.

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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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