Hong Kong - (www.emfis.com) - The Chinese resources company Zijin Mining Group Co Ltd engages head-on. It should be made ??several acquisitions.
As the chairman of the Asian company announced that it had approved a capital budget of over USD 870 million. This is the business of copper and gold outside of China will be expanded. Also, acquisitions are planned. These are the listed takeover targets overseas then also serve as headquarters of the respective continents. Even a respective listing on the Hong Kong Stock Exchange is planned.
Previously been active on three continents
As indicated, the Group is currently abroad in Australia, Peru, Russia and Central Asia active. The Peruvian copper mine still remains far below expectations. Specific names of potential takeover candidates were not named.
NGF Price at posting:
23.0¢ Sentiment: ST Buy Disclosure: Held