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Minmetals Development to acquire iron ore assets for RMB 28.1 billion, targeting resource self-sufficiency
Minmetals Development disclosed a major asset restructuring proposal to divest 100% of Minmetals Trading for RMB 5.519 billion and acquire 100% of Minmetals Mining and Luzhong Mining for RMB 28.115 billion.
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Source: KLF Mining