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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (58467)	11/30/2009 6:21:32 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217686

close enough for government work ;0) mean time, just in in-tray old news: china companies buying offshore zinc this, faraway copper that and buried elsewhere iron somethingelse new news: china company buying gold companies in foreign land China's biggest gold producer bids $545mln for Indophil SYDNEY, Dec 1 AAP - China's largest gold producer Zijin Mining Group Co Ltd had made a $545 million takeover bid for gold and base metals explorer Indophil Resources Ltd. The offer of $1.28 cash per share for the Melbourne-based target, which has projects in the Philippines including Tampakan, has been recommended by the Indophil board in the absence of a superior offer. "This is an excellent outcome, which unlocks value for Indophil's shareholders from the company's minority ownership position in the world-class Tampakan copper-gold project," Indophil chairman Brian Phillips said in a statement on Tuesday. He said Zijin's proposal recognised Tampakan's inherent value and followed a review by the board, management and advisers of a range of strategic alternatives and proposals from interested parties. "It is also a positive outcome for the project and the people of the Philippines - Zijin is well positioned to fund its share of Tampakan's capital expenditure estimate of $US5.2 billion ($A5.68 billion)," Mr Phillips said. Indophil last traded on Monday at $1.085 a share. MORE News Story: IRN - China's biggest gold producer bids $545mln for Indophil