Zijin Mining announces stop acquisition of Platmincongo

On the evening of September 6, Zijin Mining Group Co., Zijin Mining Group Co., Zijin Mining, said the company would stop pushing forward the relevant Sino-African Development Fund Limited (China-africa　　Development Fund Co., abbreviation: Central African Fund, jointly funded the acquisition of the Platmin Congo Ltd. Stock Exchange plan.　　This is the Zijin mining after the end of June announced the termination of the Australian Indophil Resources NL Acquisition Project, but also a halfway to abandon the overseas acquisition deal.　　Zijin Mining said in May that the company and the Central African Fund would invest a total of $284 million in cash to buy African copper mines to expand their overseas mining operations. Under the proposed agreement, Zijin Mining and the Central African Fund will acquire Copperbelt Minerals's subsidiary platmin Congo.　　Platmin Congo owns 68% of the Congo (AU) Deziwa copper-cobalt mine project, as well as the rights of the Ecaille C-CU-Co mine project 68%.　　The announcement in May did not specify all the prerequisites for the smooth completion of the deal, only one of which was that the project would have to be approved by the Congolese and Chinese governments. Mr Chi, president of the Central African Fund, said in August that the joint acquisition was close to receiving approval from the Congolese government.