Mmegi

'Why we didn't bid for Khoemacau'

Presiding: Moagi was the guest of honour at last week’s occasion to mark Khoemacau’s takeover by MMG PIC: THE PROJECT MAGAZINE
Presiding: Moagi was the guest of honour at last week’s occasion to mark Khoemacau’s takeover by MMG PIC: THE PROJECT MAGAZINE

Minerals and Energy minister, Lefoko Moagi, has revealed that government opted not to make an offer for Khoemacau Copper Mine when it was put up for sale last year, as the state had technical deficiencies.

Chinese state-powered firm, MMG, has finalised the purchase of Khoemacau for about P25 billion, the largest private-sector transaction to ever happen on local soils.

Speaking last week in Maun at a ceremony to mark MMG’s takeover, Moagi said government was aware of the capital value to be tapped from the Khoemacau mine as a strategic asset, as the world hunts for copper as a critical mineral.


Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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