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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”.

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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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