Gvt weighs Khoemacau 15% stake option

Friday, September 11, 2015

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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