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Home / Metal News / Zijin Mining to Acquire Copper Mine for $238 Million

Zijin Mining to Acquire Copper Mine for $238 Million

Jun 7, 2016 09:43

Source:SMM

Zijin Mining Co. announced that it will buy 100% stake in Heilong Mining Group Co. for 1.561 billion yuan ($238 million).

SHANGHAI, Jun. 7 (SMM) –Zijin Mining Co. announced that it will buy 100% stake in Heilong Mining Group Co. for 1.561 billion yuan ($238 million).

According to the share transfer agreement, Heilong Mining Group Co. shall strip of the 49% stake it holds in Heilongjiang Duobaoshan Copper Co. and the 100% stake it holds in Heilongjiang Tongshan Mining Co. to Zijin Mining Co. The acquisition will allow Zijin Mining Co. to obtain 110 prospecting rights and 3 mining rights, etc.

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Zijin Mining Co.

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