Updated Nov. 20, 2023 8:56 pm ET
Chinese government-backed mining company MMG is acquiring a copper mine in southern Africa for almost $1.88 billion as it looks to bolster its stockpile of a metal that is in high demand.
MMG, which is nearly 68%-owned by state-owned China Minmetals, plans to buy the Khoemacau mine in northwest Botswana in the…