Chinese bank backs two bidders for Khoemacau
Friday, September 22, 2023 | 460 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.
When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...