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Mupane Gold Mine goes on sale

Friday, April 18, 2025 | 1970 Views |

Under the hammer: Mupane closed last year and is due for auction in June

The country’s troubled sole gold mine, Mupane Gold Mine, is up for sale, with an auction due where bidders should submit their offers by June 13, including refundable deposits of P1 million.

Mupane's sale comes as gold prices trend at record highs due to the metal's status as a safe haven against the disruptions caused by the United States' planned global trade tariffs.

Mupane ceased operations in March 2024, two years after being acquired by citizen majority-led company, Hawks Mining. Reports at the time indicated that the mine was experiencing serious cash flow problems and had retrenched all employees. The Botswana Mineworkers Union (BMWU) estimates that workers are owed P49.1 million in unpaid salaries, terminal benefits, and retrenchment packages.

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Mupane Gold Mine goes on sale

The country’s troubled sole gold mine, Mupane Gold Mine, is up for sale, with an auction due where bidders should submit their offers by June 13, including refundable deposits of P1 million.

Gov't moves to close tax gaps

Chief judge promises fairness at tomorrow's Miss Botswana finale

High pressure mounts on fuel prices

We respect AFCON final decision – Babitseng

Court blow rocks BPF leadership

BPF moves to rebuild unity-Lucas

‘Reatile, Ookeditse deal was gentleman’s agreement’

Branch fires early warning shot as Portugal fuels title push

A promising step for public schools, but...