A unit of Beijing Haohua Energy Resource Co Ltd has offered to inject US$100mn into Coal of Africa (CoAL)
Mining
Cathay Fortune offers to buy Australian mine in Africa
Chinese private equity firm, Cathay Fortune, has offered US$848mn to acquire Australian copper producer Discovery Metals who own a number of mines in Botswana
Mantrac launches new loaders in Tanzania
Machinery distributer Mantrac has introduced the F-Series backhoe loaders for Tanzanian construction companies
Vale starts copper production in Zambia
Brazilian multinational mining corporation Vale SA has begun production of copper concentrate, a raw version of commercial copper, at its Lubambe mine in Zambia
Water paucity hampering South African mining industry
Experts have said that water constraints in South Africa were hampering mining activities in the country