Why a bidding war has erupted over Mupane

Friday, August 22, 2025 | 520 Views |

Better days: Mupane looks set to reopen once an agreement is reached on the takeover partner PIC: MINING.COM

Creditors will meet no Tuesday to weigh three offers for the takeover of Mupane Gold Mine, a process that has become highly contested. By global classifications, the country’s sole gold mine is a small operation with limited reserves, so why the bidding war? MBONGENI MGUNI writes

On August 26, bidders lock horns on whose offer is the best to take over Mupane Gold Mine, the country’s sole gold operation where operations have been suspended since March 2024.

According to documents circulating recently, of the ten companies that responded to the liquidator’s Request for Offer in June, just three paid the refundable P1 million deposit.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

mining

Selefu

joey kambai | 8 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 10 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 12 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 12 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 12 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 12 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 12 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 13 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Why a bidding war has erupted over Mupane

Creditors will meet no Tuesday to weigh three offers for the takeover of Mupane Gold Mine, a process that has become highly contested. By global classifications, the country’s sole gold mine is a small operation with limited reserves, so why the bidding war? MBONGENI MGUNI writes

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully