From ChinaScope Financial

Zijin Mining Group Co., Ltd. (02899: HKG; 601899: SHA) announced that on April 17, 2013, its Australia-based subsidiary Norton ld Fields Ltd. (Norton) had signed transaction agreements with Kalorlie Mining Co., Ltd. (KMC), an Australian mining company, to acquire all the total issued shares of KMC via a friendly off-market takeover offer. Every share of KMC will be swapped for 0.054 share of Norton and 0.054 option of Norton.

At the same time, Norton plans to propose an option offer to acquire all of the listed options to subscribe for the shares of KMC.

Norton believes that after the transactions, its ld output will increase and the production costs will decrease.

Link:http://www.chinascopefinancial.com/en/news/post/25670.html

About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).