Cathay Fortune buys Australia-listed mine in Africa

Cathay Fortune wades into Africa to scoop up yet another resources company as prices are depressed and opportunities arise.
<div style="text-align: left;">
Discovery Metals operates copper mines in Botswana
</div>
<div style="text-align: left;"> Discovery Metals operates copper mines in Botswana </div>

In the latest move by Chinese companies to get their hands on natural resources, a Chinese private equity firm, Cathay Fortune, is offering A$830 million ($848 million) for control of Discovery Metals, an Australian copper producer with mines in Botswana.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media