Govt to take over De Beers stake in Morupule Colliery

source: Mmegi
MBONGENI MGUNI
Staff Writer

In a move that will briefly give the state full ownership of the country’s sole coal mine and associated works, the government is on the verge of acquiring De Beers’ interest in Morupule Colliery.

The Government intends to bring in a strategic partner to replace De Beers in a process calculated to ensure that Botswana has more control over the prized national asset whose supplies are key to the crucial 600-megawatt Morupule B project.

Presently, the government indirectly owns 50 percent of Morupule Colliery Limited (MCL), which is a wholly owned subsidiary of Debswana, the diamond mining giant in which the [continue reading]

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