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PE group moves into Africa

Australia’s EMR Capital has acquired an operating mine from Vale and African Rainbow Minerals for US$97.1 million.

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The Lubambe mine in Zambia

The Lubambe mine in Zambia

The private equity fund entered into a binding agreement with Vale and ARM to acquire 80% of the Lubambe copper mine in Zambia. The US$456 million project was commissioned in late 2012 and was due to...

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