China. A consortium led by China's biggest gold miner, Zijing Mining Group Co., has made a 94.6 million pound (US$185.4 million) offer for British copper miner Monterrico Metals PLC, in what may become China's first outright takeover of an overseas listed company.
The proposed acquisition, announced earlier this week by Monterrico and Zijin, is the latest in a series of low profile but substantial purchases of overseas mining assets by Chinese companies, part of the country's quest to diversify supplies of strategically important resources. (AP)
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