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Article: CHINA'S MINMETALS STILL IN TALKS WITH AUST'S OZ MINERALS.
- Article from:
- AsiaPulse News
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELBOURNE, March 30 Asia Pulse - Chinese state-owned Minmetals Non-ferrous Metals Company Ltd says it remains in talks with Australian regulators about a revised takeover offer for debt-laded miner OZ Minerals Ltd (ASX:OZL).
Treasurer Wayne Swan forced the parties back to the drawing board after threatening to block the takeover if the Prominent Hill mine was included in the deal, citing national security concerns.
The A$1.15 billion (US$791.2 million) Prominent Hill copper and gold mine, OZ Minerals' best asset, is located in the Woomera Prohibited Area in South Australia - a weapons testing range.
Minmetals spokesman Ian Smith declined to ...