Articles > Newspapers > International Newspapers, Local Markets A-Lh > AsiaPulse News news wires > May 2009

Article: CHINA GOVT OKAYS MINMETALS' PROPOSED OZ MINERALS TAKEOVER.

Article from:
AsiaPulse News
Article date:
May 18, 2009
Copyright

SYDNEY, May 18 Asia Pulse - OZ Minerals Ltd (ASX:OZL) says it has been advised by the China Minmetals Non-Ferrous Metals Company Ltd (Minmetals) that the National Development and Reform Commission of the People's Republic of China (NDRC) has given its approval to the proposed acquisition by Minmetals of various assets and businesses from OZ Minerals.

The approval follows the approval given to the transaction by Federal Treasurer Wayne Swan on 23 April and represents the satisfaction of an important condition for the completion of the transaction.

Minmetals has also advised OZ Minerals that it has received binding financing commitments from its financiers ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: China Minmetals makes $1.7 bln bid for Oz ...
AP Worldstream;  February 16, 2009 ;     700+ words ... ... the takeover, Minmetals will repay its debts, resolving Oz Minerals' present financial ... those operated by OZ Minerals, Michelmore said. Minmetals will provide a ... the Net: China Minmetals Corp.: Oz Minerals Ltd.:

Article: AUSTRALIAN TREASURER OKAYS MINMETALS' REVISED OZ ...
AsiaPulse News;  April 23, 2009 ;     700+ words ... ... Swan rejected Minmetals' earlier ... proposal for OZ Minerals because this ... Hill mine." OZ Minerals chairman Barry ... Cusack said the Minmetals deal was the ... assets to Minmetals will be put ... shareholders at OZ Minerals' upcoming ...

Article: OZ MINERALS RECOMMENDS CHINA MINMETALS ...
AsiaPulse News;  February 16, 2009 ;     700+ words ... ... determined that Minmetals' cash proposal ... interests of OZ Minerals' shareholders ... diligence by Minmetals, OZ Minerals banking syndicate ... retained. "Minmetals will provide a robust platform for OZ Minerals to realise its ...

Article: China Minmetals still discussing Oz Minerals ...
AP Worldstream;  March 30, 2009 ;     700+ words ... ... reported Monday that Minmetals handed Oz Minerals a revised plan ... copper mine. Oz Minerals, which sought the original Minmetals deal as a financial ... surprising if MinMetals was still interested ... business with Oz Minerals without Prominent ...

Article: Minmetals gets NDRC approval for purchase of OZ ...
China Business News;  May 18, 2009 ;     613 words ...Minmetals gets NDRC approval for purchase of OZ Minerals assets Shanghai ... June 18, 2009, OZ Minerals said. Minmetals is currently offering ... Treasurer blocked Minmetals' previous takeover proposal for OZ Minerals that included the ...

Article: Oz Minerals, China's Minmetals in new $1.2bn ...
AP Worldstream;  April 1, 2009 ;     700+ words ... ... development assets to Minmetals for $1.2 billion. Oz Minerals would retain ... Friday that Minmetals's original ... buy all of Oz Minerals could not be ... shareholders, Oz Minerals Chairman Barry ... statement. Minmetals spokesman in ...

Article: NEW MINMETALS DEAL COULD SEE OZ MINERALS ...
AsiaPulse News;  March 31, 2009 ;     700+ words ... ... Chinese suitor. Minmetals Non-ferrous ... acquire all of OZ Minerals assets, except ... alternative Minmetals transaction. OZ Minerals had been running ... down debt. Minmetals originally had ... cents cash per OZ Minerals share, or A ...

Article: Minmetals offers $1.21 bln for OZ Minerals ...
China Business News;  April 1, 2009 ;     700+ words ...Minmetals offers $1.21 bln for OZ Minerals assets Shanghai. April 1. INTERFAX-CHINA - China Minmetals Corp., the country's ... 1. Under the proposal, Minmetals will own OZ Minerals' mining and exploration ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives