Chinese bank backs two bidders for Khoemacau
Friday, September 22, 2023 | 470 Views |
Rumbling on: Khoemacau is building up to a bidding war PIC: KHOEMACAU.COM
Shortlisted for the mine include the Australian-based Citic Pacific Mining Company, MMG, Exxaro, Endeavour Mining, Impala Platinum and Zijin Mining. MMG and Zijin Mining have major Chinese equity ownership.
This week, sources familiar with the discussions about the potential deal said the latest developments might add weight to the Chinese bids.
That should concern every Motswana. The implications extend far beyond cattle and farmers. Botswana’s beef industry is a critical pillar of the economy, supporting thousands of households and sustaining businesses along the value chain.The loss of access to lucrative export markets has already demonstrated how quickly an animal-health crisis can become an economic crisis.This is, therefore, not the time for complacency, blame, or political...