FML / SHANDONG deal mentioned in Harvey Organ / Bloomberg last night.
http://harveyorgan.blogspot.com.au/
"Shandong Gold, which scrapped takeover talks with Concord, New Hampshire-based Jaguar Mining Inc. earlier this year, agreed to take a 51 percent stake in Perth-based Focus Minerals Ltd. to add production in Australia in a A$227.5 million ($235 million) deal, the target company said Sept. 20.
The transaction, which has received approval from the Australian government, is expected to get the nod from Chinese regulators this month, Li said.
Shandong Gold plans to sell shares in a unit comprised of acquired assets and list the unit in Hong Kong or Australia as part of its three-year plan, Li said. The company also plans to list its nonferrous metals sector in Hong Kong next year, he said.
Zijin has a similar plan, Chen said.
"Internationalization, securitization and large projects are what we are looking for," he said. "We plan to integrate our acquired assets for equity financing at an appropriate time."
The company has received 30 billion yuan in loans from the China Development Bank's Hong Kong and Fujian units for overseas acquisitions, Chen said.
"Money is not a problem," he said."
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