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 MoreTag: Kalahari Copper Belt
GNRI 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…
Read More