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Botswana: Mine takeover in limbo another month

 |  January 11, 2013

Australian-based Discovery Metals Limited has reportedly been given another month to decide on a proposed takeover offer made by Chinese equity firm Cathay Fortune Investment. Cathay offered to buy Boseto Mine, currently owned by Distovery; the offer originally expired January 11 but has now been extended until February 8. The takeover is worth $848 million.

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