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Chinese bank backs two bidders for Khoemacau

Rumbling on: Khoemacau is building up to a bidding war PIC: KHOEMACAU.COM
Rumbling on: Khoemacau is building up to a bidding war PIC: KHOEMACAU.COM

China Development Bank (CDB), a state-owned mega-financier, has reportedly shown interest in providing finance for the Chinese companies which are in the race to buy the Khoemacau Copper Mine, BusinessWeek has established.

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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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