Our largest shareholder has in the last week saved Discovery Metals with a $110 million rescue package. Discovery is a copper producer in Africa thats had a few teething problems.
Just now, Blumont has bid for coking coal aspirant CKA.
Looks like Blumont, a Singaporean group is building up a substantial mining house. I wouldn't be surprised to see Blumont increase its shareholding in KDR over the next few months.
blumont
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