Diamond Tycoon set to Rule Lesotho

By John Jeffay / October 12, 2022 / www.idexonline.com / Article Link

(IDEX Online) - A diamond tycoon from Lesotho scored a surprise victory in the nation's polls last week.Sam Matekane, the richest man in the poverty-stricken African mountain kingdom, came closer than anyone expected to an overall majority and is expected to form a coalition government.He founded the pro-business Revolution for Prosperity (RFP) party, just seven months before the elections, which took place last Friday, and is now expected to become prime minister.Matekane, 64, is chairman and founder of Matekane Group of Companies, which has property, aviation and mining divisions.The company's website says: "MGC mining has entered the mining scene in 2004 and have assembled the best and latest mining machinery from leading manufacturers to supply blasting and haulage services for mining. We do drilling, blasting, loading, hauling services of diamond."Matekane the seventh of 14 children, started off raising donkeys at the age of 22, and is now said to be Lesotho's richest man.Pic from Twitter 

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok