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Ex-Ongopolo executives accused of taking mine assets for ‘pennies’ – Windhoek Observer
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Ex-Ongopolo executives accused of taking mine assets for ‘pennies’ – Windhoek Observer
Renthia Kaimbi Details of a Government Institutions Pension Fund (GIPF) bailout intended to rescue the Ongopolo copper mine in Tsumeb in the early 2000s have resurfaced. Residents and sources now allege that former executives acquired multi-million-dollar company properties for almost nothing during liquidation. More than N$100 million in government support, including GIPF funding, had been injected into Ongopolo Mining and Processing Ltd under
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