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Six shortlisted for Khoemacau takeover

Belle of the ball: Suitors are gathering around Khoemacau PIC: KHEMACAU.COM
Belle of the ball: Suitors are gathering around Khoemacau PIC: KHEMACAU.COM

The race to own the country’s premium base metals producer, Khoemacau Copper Mine, is intensifying, with representatives from six shortlisted companies having already been spotted conducting “on-the-ground” assessments.

Highly placed sources told BusinessWeek that some of the shortlisted companies include the Australian-based Citic Pacific mining company, MMG, Exxaro, and Endeavour Mining. Bloomberg on Tuesday also identified Impala Platinum and Zijin Mining as being amongst the shortlisted bidders.

BusinessWeek has established that the selected suitors have been taking turns to visit the mine with the final batch expected next week.


Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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