China’s Minmetals Resources Enters Africa – ValueWalk Premium

China’s Minmetals Resources Enters Africa

Minmetals Resources LTD. says it has secured ownership of African-focused base metals mining and exploration group, Anvil Mining Ltd, after acquiring 90 per cent of the company's shares at eight-dollars each. The Hong Kong-listed Minmetals, which is majority, owned by state-run China Minmetals Nonferrous Co., said that it would now move to the compulsory acquisition of all remaining shares it did not already own . . .

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