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Jinchuan Seeking to Use $1.36 Billion Target Metorex for African Expansion
Aug. 16, 2011 09:27AM PST
Battery MetalsBloomberg reported that Jinchuan’s takeover of Metorex (JNB:MEMTX) may be part of its strategy to expand operations in Africa.
Bloomberg reported that Jinchuan’s takeover of Metorex (JNB:MEMTX) may be part of its strategy to expand operations in Africa.
The market news is quoted as saying:
The bid for Metorex and its copper mines in the Democratic Republic of Congo follows Jinchuan’s acquisition of a stake in Johannesburg-based Wesizwe (WEZ) Platinum Ltd. this year as the Asian company seeks to become a multinational minerals producer.
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