{"id":46061,"date":"2024-03-28T08:25:24","date_gmt":"2024-03-28T08:25:24","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal"},"modified":"2024-03-28T09:31:06","modified_gmt":"2024-03-28T09:31:06","slug":"mmg-wraps-up-khoemacau-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal","title":{"rendered":"MMG wraps up Khoemacau deal"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Chinese state majority firm, MMG, has finalised its $1.7 billion (P23.2bn) purchase of Khoemacau Mine, officially breaking into the country\u2019s base metal sector.<\/b><\/p>\n<p>In a statement on Monday, MMG\u2019s interim CEO and executive director, Li Liangang, said the completion became effective on March 2022 after the finalisation of all conditions agreed to with former owners, Cuprous Capital Ltd.<\/p>\n<p>He said the acquisition adds a \u201chigh-quality, transformational growth project to the MMG\u2019s portfolio and marks a significant milestone in the company&#8217;s history\u201d.<\/p>\n<p>The board chair added that in accordance with the agreement, MMG also advanced an aggregate amount of approximately $348.6 million to settle certain debt balances of Cuprous Capital Ltd.<\/p>\n<p>Formed in 2009, MMG operates and develops copper, zinc and other base metals projects across Australia, the Democratic Republic of Congo and Peru. The Hong Kong-listed firm\u2019s largest shareholder is the state-owned China Minmetals which holds 68% equity.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Chinese state majority firm, MMG, has finalised its $1.7 billion (P23.2bn) purchase of Khoemacau Mine, officially breaking into the country\u2019s base metal sector. In a statement on Monday, MMG\u2019s interim CEO and executive director, Li Liangang, said the completion became effective on March 2022 after the finalisation of all conditions agreed to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":46060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,237,234],"class_list":["post-46061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MMG wraps up Khoemacau deal - Botswana<\/title>\n<meta name=\"description\" content=\"Chinese state majority firm, MMG, has finalised its $1.7 billion (P23.2bn) purchase of Khoemacau Mine, officially bre ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MMG wraps up Khoemacau deal\" \/>\n<meta property=\"og:description\" content=\"Chinese state majority firm, MMG, has finalised its $1.7 billion (P23.2bn) purchase of Khoemacau Mine, officially bre ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-28T08:25:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-28T09:31:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/03\/sm_1711605091.86203.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MMG wraps up Khoemacau deal\",\"datePublished\":\"2024-03-28T08:25:24+00:00\",\"dateModified\":\"2024-03-28T09:31:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\"},\"wordCount\":166,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/03\/sm_1711605091.86203.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/mmg-wraps-up-khoemacau-deal\",\"name\":\"MMG wraps up Khoemacau deal - 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