Mmegi

MMG wraps up Khoemacau deal

Belly of the beast: Khoemacau is due for a massive expansion in a few years' time PIC KHOEMACAU.COM
Belly of the beast: Khoemacau is due for a massive expansion in a few years' time PIC KHOEMACAU.COM

Chinese state majority firm, MMG, has finalised its $1.7 billion (P23.2bn) purchase of Khoemacau Mine, officially breaking into the country’s base metal sector.

In a statement on Monday, MMG’s interim CEO and executive director, Li Liangang, said the completion became effective on March 2022 after the finalisation of all conditions agreed to with former owners, Cuprous Capital Ltd.

He said the acquisition adds a “high-quality, transformational growth project to the MMG’s portfolio and marks a significant milestone in the company's history”.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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