Media FYI
A Chinese state-owned mining company has put forward a new takeover offer that could save debt-laden miner OZ Minerals from collapse.
Executives from Minmetals finalised the offer during urgent talks with OZ Minerals at the weekend.
A Minmetals spokesman says the offer meets the needs of all sides.
National security concerns scuttled the initial $2.6 billion bid because it included the Prominent Hill mine, which sits on defence land in South Australia.
On Sunday Oz Minerals said any new deal would exclude Prominent Hill.
Media FYIA Chinese state-owned mining company has put forward a...
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