South32 sees competitive process for Botswana copper mine ‘a bit rich’
Australian diversified miner South32 said while it has plenty of regional expertise, the sales process for Botswana’s Khoemacau copper mine was quite competitive.
“It’s a competitive process, a bit rich for our blood to be honest,” CEO Graham Kerr told an earnings call on Thursday.
The miner had picked investment bank RBC Capital to help it put together a bid for Botswana’s Khoemacau copper mine, a source told Reuters in June.
(By Melanie Burton; Editing by Tom Hogue)
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