Chinese firm proposes takeover bid for Discovery Metals

mine Arpit GuptaChinese 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

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Randgold warns African governments against new mining taxes

mark Mines and MoneyRandgold Resources chief executive Mark Bristow has said that African countries would risk driving away new investors if they pushed through mining code revisions aimed at boosting short-term revenues

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Water paucity hampering South African mining industry

mine freeExperts have said that water constraints in South Africa were hampering mining activities in the country

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Vale starts copper production in Zambia

copperBrazilian multinational mining corporation Vale SA has begun production of copper concentrate, a raw version of commercial copper, at its Lubambe mine in Zambia

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Cathay Fortune offers to buy Australian mine in Africa

mine freeChinese private equity firm, Cathay Fortune, has offered US$848mn to acquire Australian copper producer Discovery Metals who own a number of mines in Botswana

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