BOC, CDB to finance Minmetals' OZ Minerals deal
Published: 23 Jun 2009 01:29:40 PST
BOC, which has experience in similar acquisitions, will provide low-cost financing and related services so that Minmetals can complete its acquisition. Early this month, state-owned Minmetals has obtained all the necessary approvals to buy some of the Australian miner's assets at a cost of US$1.39 billion. The acquisition includes the Sepon copper and gold mine in Laos and the Century zinc mine in Queensland. China Minmetals' total profit reached RMB 3.14 billion in 2008, with revenue amounting to RMB 35.68 billion. Copyright © 2009 www.chinaknowledge.com |
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