Chinese GP BHR to buy stake in mining asset from Canada’s Lundin
Chinese private equity firm BHR Partners has agreed to acquire a minority stake in Tenke Fungurme Mining, an Africa-based copper asset, from Canada-based Lundin Mining for $1.14 billion in cash.
BHR will buy Lundin's indirect 30% stake in TF Holdings, which owns an 80% interest in the Tenke mine in Democratic Republic of the Congo. The other 70% of TF - and a 56% interest in the mining operation,...
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