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China Minmetals wants to buy more base metal miners
China Minmetals said it has completed the US$ 1.3 billion-acquisition of Canada’s Anvil Mining, a copper miner that holds assets in the Democratic Republic of Congo, such as the flagship Kinserver copper mine. And the buyer plans to keep shopping for mining companies, as chief executive Andrew Michelmore said the Anvil transaction was a “first step”, as the company builds its international base metals mines business.
“Mergers and acquisitions will play an important part, as we look to identify opportunities (...) we’ll target near or early production assets with good operating cost profiles in our target base metals – copper, zinc and nickel sulphides”, the executive said.
Publicado em: 22/2/2012 13:01:00
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21/5/2013 07:13:57 
