Buying up the rest
Source: Bloomberg News |
June 1, 2012, Friday
|
Print Edition
Print Edition
Zijin Mining Group, China's biggest gold producer by value, will buy the rest of Norton Gold Fields Ltd it doesn't already own for A$176 million (US$172 million), adding gold assets in Australia.
Zijin, which owns 16.98 percent of Norton, will pay 25 Australian cents for each share, according to an exchange filing Brisbane-based Norton made yesterday.
Zijin, which owns 16.98 percent of Norton, will pay 25 Australian cents for each share, according to an exchange filing Brisbane-based Norton made yesterday.
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