SA firm buys Mowana mine

Friday, November 25, 2016

Mowana and Thakadu mines will reopen after finding new buyers

A South African firm, PenMin Holdings has been identified as the company that has offered to buy the mothballed Mowana and Thakadu copper mines.

The two mines, which are owned by Johannesburg Stock Exchange -listed ZCI Investments through its operating subsidiary Messina Copper Botswana (MCB), were placed under provisional liquidation twelve months ago after failing to pay creditors. Holding company ZCI this week said it had received a proposal from Leboam Holdings to acquire its Messina Copper assets.

Leboam, the acquiring enterprise, is an entity registered in Botswana and is wholly owned by Cradle Arc Investments, which is a newly registered entity, established for the purposes of this transaction.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 2d ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 2d ago

Day 3: Search for Maun missing boy continues

Staff Writer | 2d ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 2d ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 2d ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 2d ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 2d ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

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.

Explore

More

SA firm buys Mowana mine

A South African firm, PenMin Holdings has been identified as the company that has offered to buy the mothballed Mowana and Thakadu copper mines.