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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

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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Chinese bank backs two bidders for Khoemacau

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.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

Mapantsola invade Ramokgonami

Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply