Contractor 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…
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MMG acquires Khoemacau
Australian-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…
Read MoreDe Beers, Botswana come to sales, mining license agreement
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.
Read MoreDe Beers appoints Cook, Cleaver to be CEO, co-chairman
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,…
Read MoreGNRI considers sale of Khoemacau copper-silver mine
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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