Exploration Boosted by China’s $89Million Deal
CHINESE trader Guangdong Guangxin Holdings has signed an $89 million deal to boost its interests in Australian base metals by buying a quarter of the Mineral Hill copper and goldmine in NSW and a 15 per cent stake in mine owner KBL Mining.
The Chinese state-owned GMR, which is the major shareholder of zinc miner Kagara and gold explorer Mungana, also will get the right to buy, at a 25 per cent discount, KBL’s copper output from the mine.
Source: theaustralian.com.au
Short URL: http://woodlawnpost.com/?p=34788
Posted by WoodlawnPost
on Dec 30 2011. Filed under Asia, Australia.
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