Suitors circle as Khoemacau goes on sale

Up for sale: Khoemacau’s new owner will have to foot the bill for the planned $700 million expansion
Up for sale: Khoemacau’s new owner will have to foot the bill for the planned $700 million expansion

Bidders have started their assessments of Khoemacau Copper Mine, which this week confirmed its availability for sale, with a deal possible by October, BusinessWeek has established.

“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.


Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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