New Mupane owners target refinery

Friday, July 03, 2026 | 370 Views |

Coming soon: Mupane’s new investors are eyeing the development of a regional hub with exports as far as the United States

The new owners of Botswana's sole gold mine, Mupane, have revealed they are targeting a restart of operations by mid-2027 and have set their sights on establishing the country's first gold refinery, positioning Botswana as the hub of a broader regional gold value chain.

After a protracted legal wrangle in which the Nova Africa Resources/Aga One joint venture emerged victorious, investors have revealed to BusinessWeek that they have bigger plans to turn the Mupane assets into a base for a regional refinery targeting exports to the United States.

Aga One is a major Turkish giant gold refiner.

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