Suitors circle as Khoemacau goes on sale
Friday, May 26, 2023 | 2230 Views |
“A comprehensive and global process will be conducted to seek a capable and responsible buyer for Khoemacau,” a company representative said in a statement. “If it transpires, this potential change of ownership, is expected to bring significant positive consequences for Botswana and the mine’s stakeholders.”
Khoemacau is majority owned by Cupric Canyon LP, with funds advised by Global Natural Resources Investments (GNRI) and by Resource Capital Fund VII LP. GNRI was formed from a 2015 management buyout of Barclays Plc’s private equity unit and, according to Bloomberg, the investment group has been considering options for Khoemacau for at least a year.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...