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Metorex Sees Hurdles For Anyone to Compete With ‘Attractive’ Jinchuan Bid
Jul. 22, 2011 03:53PM PST
Battery MetalsBloomberg reported that Metorex (JNB:MEMTX) is moving quickly to approve a takeover deal with Jinchuan Group.
Bloomberg reported that Metorex (JNB:MEMTX) is moving quickly to approve a takeover deal with Jinchuan Group.
The market news is quoted as saying:
Shareholders voted against a lower offer by Vale SA today, leaving Jinchuan as the only bidder for the producer of copper and cobalt in the Democratic Republic of Congo and Zambia.
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