Exclusive: UAE conglomerate seeks to gatecrash China's JHCX Zambian copper deal [Reuters]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Reuters
company, is interested in acquiring Zambia's Lubambe Copper Mine, an asset that China's JHCX Mining has already agreed to buy, three sources familiar with the details told Reuters. International Resources Holding recently told EMR Capital that it is interested in bidding for the private equity manager's 80% stake in the Lubambe copper project, which is up for sale, a development that may complicate a sale process that's already underway, two of the sources said. The IHC unit's interest in Lubambe, with potential to be among Zambia's largest copper mines, comes after Shanghai-listed JCHX (603979.SS) , opens new tab , a mine servicing and contracting firm, entered into a deal to buy EMR's 80% stake in Lubambe in January. The sale process requires approval from the Zambian government, which is pending and unclear at the moment, one of the sources said. The Zambian government owns a 20% stake in Lubambe through state-firm ZCCM-IH (ZCCM.LZ) , opens new tab The IHC unit's interest
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SBSW
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 4/26/24 - Form 6-K
- SBSW's page on the SEC website