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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.