Nova Africa Resources and its partner, AgaOne Commodities, are moving forward with plans to restart Mupane, Botswana’s only active gold mine, by mid-2027 following a successful $21.5 million acquisition.
The joint venture's acquisition package aims to revitalize the long-dormant operations and breathe new life into the region's mining sector.
Operational history and sudden closure
Located near Francistown in the North-East District, the Mupane Gold Mine first commenced operations in 2004, extracting ore from banded ironstone formations in the Mupanipani Hills.
Originally developed by Canadian miner Galane Gold, the mine changed hands in 2022 when it was acquired by a local management vehicle, Hawks Mining Company.
