M&A

The good news and the not-so-positive news for Sandfire

FROM a notional perspective, the not-so-good news for copper miner Sandfire Resources is that if it was keen on heading 222km up the road from the Motheo operation to buy the Khoemacau copper mine in Botswana from private equity, that operation is now off the table.

The good news and the not-so-positive news for Sandfire

MMG/China Minmetals' buying of Khoemacau for US$1.8-1.9 billion this week has seen to that, not that this 100% rules out the Chinese selling it at some point in the future. But that is 99.999% unikely...

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