Shengtun Mining merger and acquisition of Enzuri approved by the Democratic Republic of the Congo-Shanghai Metals Market

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Shengtun Mining merger and acquisition of Enzuri approved by the Democratic Republic of the Congo

Translation 03:34:39PM May 09, 2019 Source:Ministry of Natural Resources

SMM News: the Minister of Mining of the Democratic Republic of the Congo recently approved a plan for China Shengtun Mining Group Co., Ltd. to buy a 100% stake in (Nzuri Copper Limited) of Enzuri Copper Mine Co., Ltd., with A $109.5 million in cash.

Shengtun Mining has offered to buy shares in Enzuri for A $0.37 a share, which holds an 85 per cent stake in the (Kalongwe) copper / cobalt project in the Democratic Republic of the Congo.

This week, Enzuri told shareholders that the approval of the minister of the Democratic Republic of the Congo was a key step towards a final agreement. The agreement is expected to be completed in July.

The deal also requires a series of conditions, including approval from the Chinese government, shareholders and the court.

 

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

Shengtun Mining merger and acquisition of Enzuri approved by the Democratic Republic of the Congo

Translation 03:34:39PM May 09, 2019 Source:Ministry of Natural Resources

SMM News: the Minister of Mining of the Democratic Republic of the Congo recently approved a plan for China Shengtun Mining Group Co., Ltd. to buy a 100% stake in (Nzuri Copper Limited) of Enzuri Copper Mine Co., Ltd., with A $109.5 million in cash.

Shengtun Mining has offered to buy shares in Enzuri for A $0.37 a share, which holds an 85 per cent stake in the (Kalongwe) copper / cobalt project in the Democratic Republic of the Congo.

This week, Enzuri told shareholders that the approval of the minister of the Democratic Republic of the Congo was a key step towards a final agreement. The agreement is expected to be completed in July.

The deal also requires a series of conditions, including approval from the Chinese government, shareholders and the court.

 

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business