Three suitors bid for Mowana mine

Mothballed: Mowana Mine was closed last year after African Copper was placed under liquidation
Mothballed: Mowana Mine was closed last year after African Copper was placed under liquidation

FRANCISTOWN: At least three mining companies have expressed interest to buy African Copper’s Mowana mine, which is situated in Dukwi.

Butler Phiri, the managing director at PricewaterhouseCoopers (PWC), a firm that has been appointed to coordinate the liquidation of Mowana, confirmed this in an interview early this week.

Mowana was placed under liquidation in November last year after failing to pay its sub-contractor Diesel Power Mining Services (DPMS) a debt amounting to P47 million. In 2014, DP signed a P1.2 billion contract to carry out mining works at Mowana.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up