Mupane Gold Mine goes on sale

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.