GABORONE – PricewaterhouseCoopers (PwC) says it has finally identified a buyer for African Copper’s Mowana mine in Botswana, almost a year after it was liquidated over a P47-million debt.
The closure of the mine, which is located in the Dukwi area of northern Botswana, led to the retrenchment of more than 400 workers. Six potential buyers tabled offers to buy the mine when the bidding process opened in July.
PwC Botswana MD Butler Phiri said the winning bidder originated from outside Botswana and would be officially announced on October 7. He said they were still finalising some negotiations regarding the sale of the mine.
Apart from the P47-million owed to mining services contractor Diesel Power, Mowana Mine also owed millions of dollars to its parent company, as well as local service providers, Puma Energy and Global Holdings.