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
Botswana must not be a flag of convenience for rogues

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