Investor pulls out Boseto Mine deal
Thursday, February 05, 2015
This is the third time talks to find a buyer for the cash strapped mine have collapsed after Singaporean firm Blumont, Chinese company, Cathay, pulled out of acquisition talks in 2013 and 2014 respectively.
According to the company statement, DML has announced that that they have started to re-engage with a number of parties who are interested in funding the Boseto Copper Mine, as the exclusive period they had entered into with Cupric has expired.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...