Sibanye-Stillwater’s hot pursuit of Zambia’s Mopani Copper Mine (MCM) has derailed after Lusaka chose cash-rich Abu Dhabi’s International Resources Holding (IRH) as the strategic equity partner (SEP) for the asset, handing Neal Froneman a rare deal-making defeat.

ZCCM Investments Holdings (ZCCM-IH), the Zambia state-owned investment vehicle that owns MCM, said on Friday that it has chosen IRH as the preferred bidder for the mine, which produces the metal used in power lines, electric cars and renewable power...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.