Chinese private equity firm Cathay Fortune Corp and China-Africa Development Fund (CADF) have launched a takeover bid worth US$860mn to acquire all outstanding shares of Botswana-focussed Australian copper miner Discovery Metals
Quarrying
ArcelorMittal to sell stake in South Africa’s Kalagadi Manganese
ArcelorMittal will sell its 50 per cent stake in South African manganese explorer Kalagadi Manganese for US$447mn in an attempt to sell non-core assets to pay down debt
Gold Fields to set up new South African mining company
Gold Fields Limited has announced plans to set up a new South African gold mining company, Sibyanye Gold Limited
IFDC signs US$400 million Greenfield Copper Mines deal with Zambian firm
The International Finance Development Corporation (IFDC) has signed a US$400mn deal with a Zambian firm for the development of Greenfield Copper and Emerald mines
Tanzanian government to acquire major stake in TanzaniteOne Mining
The Tanzanian government has revealed plans to buy a 50 per cent stake in TanzaniteOne Mining, a wholly-owned subsidiary of gem miner Richland Resources