MMG to acquire Khoemacau Copper Mine from Cuprous Capital for $1.88bn.

MMG, a mid-tier global resources company, agreed to acquire Khoemacau Copper Mine, a copper mine in Botswana, for $1.88bn. “The acquisition of Khoemacau mine is an important step in achieving our vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for our shareholders. Khoemacau is a high-quality operating mine with a strong expansion case, located in one of the most prospective mining regions in Africa, the Kalahari Copper Belt, in Botswana, and capable of supporting global supply chains. This transaction aligns with our strategy to pursue value-accretive external opportunities, while continuing to drive significant organic growth opportunities across existing operations," Jiqing Xu, MMG Chairman.