al1, the snippet says this of the connection:"As we noted during...

al1, the snippet says this of the connection:

"As we noted during last year’s collapse of a Chinese billionaire’s $830 million offer for Discovery, Cupric was a natural for the Brisbane-listed operator of a copper mine in Botswana. The link between Discovery, its original bidder Yu Yong and Cupric is, oddly enough, Phelps Dodge. Yu’s evaporated campaign was driven by ex-Phelps M&A guru Kalidas Madhavpeddi and Cupric is populated by Phelps’s old boys."