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Vol 6 (AAC) No 1

Published 1st November 2012

Yu Yong

Chairman, Cathay Fortune Corporation, China

Shanghai billionaire Yu Yong has directed his private equity firm, Cathay Fortune Corporation, to mount a hostile bid for Australian mining company Discovery Metals. At stake are Discovery’s Boseto Copper Project in Maun, Botswana, and its additional prospecting licences in the Kalahari Copperbelt in northwest Botswana.

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