Home / Metal News / Copper / Xiangguang Copper to Increase Investment in EMED Mining of Cyprus
Xiangguang Copper to Increase Investment in EMED Mining of Cyprus
Jul 16,2013 17:11CST
company news
Source:SMM
Chinese copper smelter Xiangguang Copper Co. obtained local government approval to increase its investment in EMED Mining of Cyprus

SHANGHAI, Jul. 16 (SMM) - Chinese copper smelter Xiangguang Copper Co. obtained local government approval to increase its investment in EMED Mining of Cyprus.

Hongkong-based subsidiary Xiangguang International Holding Ltd. would subscribe to EMED’s convertible bonds with a maturity of 18 months, the Shandong-based company said on its web site on July 15.

The bonds can be converted to a 7.1% stake of EMED at maturity at $0.12 a share, bringing Xiangguang’s total holding in EMED to 17.8%, it said.

EMED developes copper and gold properties in Europe. 

Xiangguang Copper Co.
EMED Mining
Cyprus

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn