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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.

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Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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