Others News
- Firms to take over Peruvian copper mine
Date: 12-Dec-2007 Sources: (Shenzhen Daily)
TWO Chinese companies have offered US$450 million for Canadian copper assets in Peru as part of China's push for natural resources in South America, domestic press said yesterday.
China Minmetals Nonferrous Metals has teamed up with Jiangxi Copper to launch an apparently successful take-over of the Vancouver-based Northern Peru Copper for 455 million Canadian dollars, the China Daily reported.
The deal was expected to close in early 2008 and was still pending approval from regulators, Jiangxi Copper said in a statement filed with the Shanghai Stock Exchange on Monday.
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