A Chilean, Australian, and Canadian mining consortium of mining companies on the London stock exchange is interested in Congo's copper. Who is responsible or culpable? It's confusing to me. But maybe that's how it is supposed to be.
Link: Chilean miner looks to Asia and Africa | smh.com.au.
The London-listed Chilean copper miner Antofagasta is on the prowl and may have some Australian miners in its sights.
Antofagasta, which bought Australian-listed Tethyan Copper a few years back, said it was looking at potential acquisitions in Central Asia, the Democratic Republic of Congo and Zambia.
Antofagasta's chief executive, Marcelo Awad, told the Financial Times the company had already had talks with junior miners operating in the Democratic Republic of Congo.
"I foresee our company making a deal in Zambia or DRC or both within 18 months," he said, adding it would not act on its Democratic Republic of Congo ambitions until the completion of a review of mining contracts.
Perth's Anvil Mining could be a prime target in the Democratic Republic of Congo. Equinox Minerals, which is building a copper mine in Zambia, might also be a target. Equinox has a major shareholder in Canada's First Quantum but is of interest to Zinifex, Oxiana and others.
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