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Cupric Canyon Capital buys distressed Discovery Copper Mine

Private Equity firm Cupric Canyon Capital has offered to acquire Discovery Copper Botswana out of liquidation for $35 million, according to the Terry Brick, a director at Deloitte who have been appointed provisional liquidators of the mine. Cupric, who are backed by a unit of Barclays, were among the mining firm’s creditors, who are owed a total of $137 million between them.

Read more at Reuters…

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