DML 0.00% 1.9¢ discovery metals limited

One potential suitor is the Chinese gold and copper miner Zijin....

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    One potential suitor is the Chinese gold and copper miner Zijin.

    Zijin Mining Seeking Acquisitions in Africa, CEO Wang Says (18 Aug 2014).  "Zijin set aside 4 billion to 8 billion yuan ($1.3 billion) for acquisitions this year" and "The miner is looking to buy gold projects with more than 100 metric tons of metal reserves and copper projects with more than 1 million tons of reserves, Chairman Chen Jinghe said in March" from http://www.bloomberg.com/news/2014-...ing-acquisitions-in-africa-ceo-wang-says.html .

    While DML only has 0.19 million tons of reserves, the fact it is an operating mine and has a reasonable resource of 2.3 million tons means it could be considered, together with its favourable concentrate grade.

    Other Chinese groups that are acquisitive and have cash could include Jiangxi Copper and Citic Securities.
 
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Currently unlisted public company.

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