"Jinchuan is the major shareholder in nickel miner Allegiance Mining NL, which was recently taken over by lead and zinc miner Zinifex Ltd, which in turn plans to merge with gold and copper producer Oxiana Ltd.
Jinchuan has indicated it plans to hold on to its 10.4 per cent stake in Allegiance, giving it a minority shareholding in a merged Oxiana and Zinifex, and gaining exposure to these companies' combined lead, zinc, gold and copper assets".
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held