Chinese firm muscles into local copper
Wednesday, November 29, 2023 | 1150 Views |
![Khoemacau operations](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/11/29/93709.jpg&w=800&q=72&f=jpg)
Khoemacau operations
The deal is the biggest private sector acquisition to date in the local market and gives MMG access to a top-producing asset in the rich but underdeveloped Kalahari Copperbelt. The sale, which is expected to close in the first half of 2024, is subject to certain conditions precedents and approvals.
In determining the consideration, MMG made references to Khoemacau’s mineral resources, the proposed expansion of production capacity, the mine plan, and development rates, tailings management, ESG factors, and in-house valuation.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...