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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

mining

Selefu

joey kambai | 4 h ago

'Cooler box' murder accused cries foul over legal representation

Larona Makhaiza | 7 h ago

Clash of Champions: PSG and Aston Villa Set for Historic Super Cup Showdown

correspondent | 9 h ago

La Liga Returns: New Season, New Challenges

correspondent | 9 h ago

Fire in the sky, misery on the ground

Mbongeni Mguni | 07 Aug 2026

Botswana’s new employment law: Reform on paper must become reform in practice

Seabe Ratsoma | 07 Aug 2026

Absa, Yellow Light Taxi Association deal expands cashless payments

Laone Choeunyane | 9 h ago

BoFiNet completes P43m local access fibre project

Staff Writer | 10 h ago

Violence doesn't solve anything!

Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...

The Monitor Editor | 11 August 2026

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.