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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (45610)	10/20/2009 10:44:47 PM
From: LoneClone	Read Replies (1) of 194223

Zijin Mining Buys Remaining 50% Of Zijin Copper For CNY104M HONG KONG, Oct 19, 2009 (Dow Jones Commodities News via Comtex) -- individual.com Gold miner Zijin Mining Group Co. (2899.HK) said Tuesday it won a public auction to buy the 50% of copper producer Zijin Copper Co. it doesn't own for CNY104.0 million (US$15.3 million). Zijin Mining said in a statement Minxi Xinghang State-owned Assets Investment Co. had put its 50% stake in Zijin Copper up for auction. Zijin Copper is building a copper refinery in Shanghang county, Fujian province, that will have an annual capacity of 200,000 metric tons, Zijin Mining said last month. -By Aries Poon, Dow Jones Newswires; 852-2832-2332; aries.poon@dowjones.com (END) Dow Jones Newswires 10-19-09 2320ET

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