Zijin Mining to acquire a majority stake in Tibet Julong Copper for $548m.

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.