China’s Jinchuan Mulls Bid for Metorex

Reuters reported on speculation that Jinchuan Group Ltd is the second bidder for the purchase of Metorex (PINK:MRXLY).

The market news is quoted as saying:

Metorex, attractive due to its copper and cobalt operations in Africa, said earlier this month it had received an interest from another unnamed party after an earlier $1.1 billion bid from Brazil’s Vale .

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