Fresh twist in battle for Boseto Mine

The decision is a fresh twist to the long running battle for the mining company, whose key asset is its wholly owned Boseto Copper project, located near Maun. In a statement released to the BSE and the Australian Stock Exchange, where the company has a primary listing, Discovery said that it has opened its books to several bidders, including erstwhile suitor CFC.

Two banks, UBS and Credit Suisse, are handling the bidding process.Discovery Metals said it had signed confidentiality agreements "with a number of parties to date" and that it would be accepting binding proposals until June 10.