Announced
Financials
Tags
Majority
Private
China
copper mining
Pending
Acquisition
Copper
Single Bidder
Friendly
Synopsis
Zijin Mining, a Chinese gold, copper and non-ferrous metals producer and refiner, agreed to acquire a 50.1% stake in Tibet Julong Copper, a copper mining company, for $548m. "As the Rongmucuola Copper and Polymetallic Mine will share the same mining pit and processing plant with the Qulong Copper and Polymetallic Mine, its investment before production commencement has already been included in the Qulong Copper and Polymetallic Mine," Zijin Mining.
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