Metorex Sees Hurdles For Anyone to Compete With ‘Attractive’ Jinchuan Bid

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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