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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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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