PwC identifies buyer for liquidated Mowana mine

A BUYER for African Copper’s Mowana mine in Botswana had finally been identified, PwC said yesterday, almost a year after the mine was liquidated over a 47million pula (R61m) debt. The closure of the mine 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 managing director Butler Phiri said the winning bidder originated from outside Botswana and would be officially announced on October 7. He said they were still finalising negotiations regarding the sale of the mine. Apart from the 47million pula 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. – ANA NUCLEAR ENERGY