Companies

Minmetals Resources to buy $1.85b assets from parent

(Agencies)
Updated: 2010-10-19 16:34

Minmetals Resources Ltd said it will buy a portfolio of international mining assets from its parent company for $1.85 billion to expand into other upstream base metals, Reuters reported on Tuesday.

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Its controlling shareholder, China Minmetals Non-Ferrous Metals Co Ltd, will sell Minerals and Metals Group (MMG), a producer of zinc, copper, lead gold and silver with operations in countries including Laos and Australia, to Minmetals Resources, it said in a statement.