Metorex Board Recommends Jinchuan Offer

Jul. 14, 2011 10:14PM PST

Business Live reported that the board of Metorex (JNB:MEMTX) recommended an offer by Jinchaun group to buy the company.

The market news is quoted as saying:

Metorex, which produced 51,569 metric tons of copper and 3,622 metric tons of cobalt last year, has two operating mines – Chibuluma located in Zambia, in which it holds an 85% interest, and Ruashi in the Democratic Republic of the Congo (DRC), in which it holds a 75% stake.

To read the full market news, click here.

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