P300m bid to buy Boseto Mine

DML was early this year placed under provisional liquidation after failing to meet its financial obligations amounting to over $149 million (P1.49 billion) to various creditors.

Deloitte Botswana, the liquidators of  Discovery Metals Limited (DML) Boseto copper mining, have revealed that a meeting will be held in June where creditors will decide whether a bid for the Boseto mine by Cupric Canyon, which also owns Khoemacau mining in the North West, has been successful.