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Home / Metal News / Yunnan Chihong Completes Purchase of 61% Interest in Bolivia's Amazon Mining for $42.09 Mln

Yunnan Chihong Completes Purchase of 61% Interest in Bolivia's Amazon Mining for $42.09 Mln

iconSep 10, 2013 10:26
Source:SMM
Yunnan Chihong Zn & Ge Co.’s unit bought 61% interest in Bolivia-based Amazon Mining Corp. for $42.09 million to jointly develop copper, gold and other mineral resources.

SHANGHAI, Sept. 10 (SMM) - Yunnan Chihong Zn & Ge Co.’s unit bought 61% interest in Bolivia-based Amazon Mining Corp. for $42.09 million to jointly develop copper, gold and other mineral resources owned and controlled by Amazon Mining.

Its wholly-owned subsidiary Chihong (Hong Kong) International Mining Ltd. completed the transaction in cash, Yunnan Chihong told Shanghai Stock Exchange today.

Earlier this year, Yunnan Chihong’s wholly-owned subsidiary Chihong Canada Mining Ltd. completed purchase of a 50% stake in Selwyn Chihong Mining from its joint-venture partner Selwyn Resources in Canada.
 

Yunnan Chihong Zn & Ge Co.
Bolivian mining industry

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