Zijin mining 1.16 billion yuan Africa to buy ore blocked the next day was declared invalid

NetEase Finance May 11 News Zijin Mining Night Notice, the company May 8 announced that will buy Platmin shares of the announcement, the company recently noted that the foreign media about Congo (gold) to do not approve the transaction of the report, the company has contacted the exchange of the other Copperbelt,　　Request for the implementation of the Congolese (DRC) transaction approval process. May 10, 2010, The Voice of America (VOA) quotes Alexis Mikandji Penge, chief of the Democratic Republic of the Congo's mining minister, as saying Zijin mining (601899). SH) China-Africa Development Fund Limited (hereinafter referred to as the Central African Fund) jointly acquired the Congo Copper mining developer agreement, "in violation of the provisions in the Congo (gold) has no effect."　　"The above remarks, from the Zijin mining announcement announced the acquisition only one working day." Zijin Mining May 8 announced that the company and the Central African Fund to purchase Copperbelt held platmin all issued shares and Copperbelt group internal accounts receivable.　　Before the transaction is completed, Copperbelt transfers all its assets and liabilities to platmin. The company and the Central African Fund total contribution of 284 million U.S. dollars, about 1.936 billion yuan, of which the company 60% of the share capital contribution of 170 million U.S. dollars, about 1.162 billion yuan.　　The transaction has been approved by the Board of Directors of the company and is subject to the effective approval of the Chinese Government and the Congo (DRC).　　Platmin, a British Virgin Is. registered company, has issued a total of 2.61 million shares, with the main asset being the Somidec 68% stake in Platmin Congo, a wholly owned subsidiary of the country registered in the Congo.　　Somidec is a limited company registered in the Congo (gold), with a registered capital of USD 10 million, mainly engaged in exploration and development operations in the Congo, whose main assets are the Deziwa copper and cobalt mine project and the Ecaille C Copper Cobalt mine project 100% interest. Deziwa Copper-Cobalt mine project is located in the world famous African copper-cobalt Metallogenic belt in the south of the Congo (AU) in Katanga province, the area is rich in copper and cobalt resources, the acquisition of Deziwa Copper and cobalt mine project and Ecaille C Project resources, project mining conditions, not only effectively increase the company's resource reserves, And the company has the opportunity to participate in the development of mineral resources in Africa, to promote the company's internationalization process, enhance the company's profitability and sustainable development capabilities.