Zijin Mining sets sights on Indophil
By Zhang Qi | China Daily | Updated: 2009-12-02 08:04
|
A geologist examining the drill core at the Tampakan copper and gold mine project in the southern Philippines. The project holds 13.5 million tons of copper and 15.8 million ounces of gold. Bloomberg News |
Chinese miner Zijin Mining Group has made a $498 million takeover offer for Indophil Resources NL of Australia, a deal that would significantly bolster its gold and copper reserves and support raw material requirements for its 200,000 tons of copper smelting project.
Photo
