Mmegi

MMG wraps up Khoemacau deal

Wednesday, March 27, 2024 | 1750 Views |

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”.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Khoemacau Mine

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 | 43 m ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 1 h ago

Day 3: Search for Maun missing boy continues

Staff Writer | 1 h ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 1 h ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 1 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 | 2 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

MMG wraps up Khoemacau deal

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.