Chinese hunt Africa mine bargains
FT Tilt highlights a swift move by state-backed Chinese company Minmetals Resources (MMR) to acquire upstream mining assets, offering $1.25bn for Toronto-listed Anvil Mining. It is a trend of Chinese companies hunting African mines during current volatility.
Does China push out private equity in Africa?
Interesting article in today’s FT Tilt on whether China’s model of cheap loans backing Chinese construction squeezes out private equity. The author suggests there could be a secondary round of infrastructure management projects.
