Gambling (Promotion Competition) Regulations 2023

Recently, on 18 August 2023, the Gambling (Promotion Competition) Regulations 2023 were published. In terms of the regulations, promotional competitions are now allowed provided the promoters pay a fee, amongst other things. The duration of such promotional competitions is limited to six months, but promoters can apply for an extension. The types of awards are restricted by the regulations and if a prize winner is a minor, there is a requirement that such minor must obtain written consent from their parent or legal guardian.

Minchin & Kelly (Botswana) advises Tshukudu Metals on the US$60 million finance facility uplift

Minchin & Kelly (Botswana) were the project finance legal advisors in Botswana for Tshukudu Metals Botswana (Pty) Ltd (Tshukudu) on the US$60 million finance facility uplift for the expansion of its Motheo copper project (Motheo), which is located in the Ghanzi District of Botswana. Tshukudu is a subsidiary of Sandfire Resources Limited, one of the largest copper-focused companies on the Australian Securities Exchange.

Minchin & Kelly (Botswana) also advised on the initial US$140 million finance facility executed in September 2022 for Motheo, which was officially opened in August 2023 by His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, the President of the Republic of Botswana.