China Deal for Australian Miner

At the end of March, China’s initial bid for the Australian company OZ Minerals was rejected. However, a renegotiated deal has reopened possibilities for the acquisition by China Minmetals Corporation. From BBC News:

The renegotiated deal worth $1.2bn (£0.84bn) should satisfy security concerns raised by the original offer.

The deal would help rescue the world’s second-biggest zinc miner from its debt crisis and secure its future.

[…]The Oz Minerals takeover still requires regulatory and shareholder approval.

The Australian government rejected Minmetal’s $1.7bn bid last week because one of Oz Minerals’ key mines was located near a weapons-testing range in the outback.



Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.