https://newsletter.en.creamermedia.com
Botswana|Copper|Financial
Botswana|Copper|Financial
botswana|copper|financial

South32 hires RBC for Botswana copper bid – source

The Khoemacau mine in Botswana

The Khoemacau mine in Botswana

6th June 2023

By: Reuters

  

Font size: - +

Australian diversified miner South32 has picked investment bank RBC Capital to help it put together a bid for Botswana's Khoemacau copper mine, a source familiar with the matter said on Tuesday.

The copper mine, which produces about 60 000 t of copper and 1.6-million ounces of silver a year and has a mine life of more than 20 years is expanding to double production.

South32 Chief executive Graham Kerr said in April that the miner was looking to build on its copper book.

"We've got lots of options," he told media in Melbourne at the time. "We'll always look at things externally but it's going to be through the lens of value and not blowing up the balance sheet."

The potential bid, initially reported by the Australian Financial Review, would put the asset value at more than $2-billion.

South 32 and RBC declined to comment. Khoemacau did not immediately respond to a request for comment.

Edited by Reuters

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Image of WEG Africa electric motors LV&HV executive Fanie Steyn
New regulations for electric motors come into effect
27th June 2025 By: Natasha Odendaal

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.25 0.342s - 184pq - 2rq
Subscribe Now