Today Zinifex Australia Limited (“Zinifex”) and Jinchuan Group Ltd (“Jinchuan”)
announced that Jinchuan had accepted Zinifex’s offer for its 10.4% interest in
Allegiance Mining NL.
With Jinchuan’s acceptance, Zinifex will own more than 90% of Allegiance and
will move to compulsorily acquire the outstanding shares and de-list the
company.
Zinifex’s CEO, Mr Andrew Michelmore, said that Zinifex was very
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