The government has confirmed that it does not hold equity stakes in several mining operations that generated approximately P16 billion in revenue in 2025. This is despite despite having the option under mining legislation to acquire ownership interests when licenses are granted.
In response to a Sunday Standard inquiry, the Ministry of Minerals and Energy said government has no direct shareholding in Mowana Mine, Karowe Mine, Khoemacau’s Zone 5 Mine, Minergy’s Medie Mine and Motheo Mine.
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