Barminco, the underground mining business unit of Perenti, has finalized discussions regarding the existing five-year mining services contract for the Khoemacau copper mine in Botswana with Khoemacau Copper Mining Proprietary Limited, a subsidiary of MMG. The continuation of the contract until 30 June 2025 will be on revised terms. Barminco is working to deliver on the current mine plan whilst…
Read MoreContractor Perenti has secured extensions for a trio of contracts in Australia, Ghana and Burkina Faso worth a total of A$420 million. The contract extensions include a 12-month, $125 million contract extension to continue underground development and production works at the Gold Fields Agnew underground gold mine as well as a 12-month, $180 million contract extension at the AngloGold Ashanti’s…
Read MoreAustralian-headquartered MMG has confirmed the formation of a share purchase agreement (SPA) for the acquisition of the Khoemacau operation in Botswana, which it said is one of the world’s highest quality new copper mines. The deal, worth US$1.875 billion, was confirmed 21 November and gives MMG access to a long-life operation – in excess of two decades – in a…
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Anglo American confirmed 3 July that De Beers Group and the government of the Republic of Botswana have reached an agreement in principle on a new 10-year sales agreement for Debswana’s rough diamond production through to 2033, as well as a 25-year extension of the Debswana mining licenses through to 2054.
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Anglo American’s De Beers will begin the new year with new leadership, as it has appointed Al Cook as its CEO and current CEO Bruce Cleaver to co-chairman of the company. The move, which will be effective in early 2023, comes as Cleaver opted to step back into a non-executive role after six years in his seat as CEO. Cook,…
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UK-based private equity firm GNRI is working with an adviser to identify potential buyers for its Khoemacau copper-silver mine in Botswana, reported Bloomberg. A deal could value the asset at $1.5 billion. Khoemacau is an underground mine located in the Kalahari Copper Belt, which stretches from northeast Botswana to western Namibia. First concentrate was produced in June 2021, and the…
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