Canadian companies to kill five mines to buy Australian mining assets Add variable

The Minmetals takeover of Oz's mining assets in Australia has also seen a new twist after Chinalco's 19.5 billion dollar investment was vetoed by Rio Tinto. According to foreign reports, Australian investment consulting company Rfcgroup and Royal Bank of Canada Rbccapital, yesterday evening to the Australian Oz Mining (Ozmineralsltd.　　) proposed a 1.2 billion dollar recapitalisation proposal consisting of equity, convertible bonds and convertible subordinated debt, formally throwing a challenge on the 1.206 billion dollar cash asset purchase proposal proposed by Minmetals.　　Yesterday also said that China Minmetals Group plan is the best choice, suggested that shareholders in this month, the shareholders will vote in favour of the Oz board of directors, said in the evening will be the RBC's new proposal to consider. Learned， Minmetals had 0.825 Australian dollars per share in mid-February, a comprehensive takeover of Oz, involving about USD 1.7 billion, and the Prominenthill copper mine, which was referred to as Oz by the Australian Foreign Investor Review Board, in the Woomera Military restricted zone in South Australia, indicates that the acquisition will be rejected if the scheme is not adjusted;　　Mining assets, which avoided hitting the sensitive areas, also lowered their bids to $1.206 billion trillion. Yesterday RFC and RBC's Comprehensive plan, the new issue price and the two stock exchange rate exchange price respectively only for 0.6 Australian dollars, 0.9 Australian dollars and 0.65 Australian dollars, the shot is significantly lower than the Minmetals February acquisition price, so the proposal is not attractive.