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China Molybdenum Co Ltd's Subsidiary to Acquire 80% of Northparkes Joint Venture


Monday, 30 Sep 2013 08:00pm EDT 

China Molybdenum Co Ltd announced that its wholly owned subsidiary, CMOC Mining Pty Limited, will acquire an 80% stake in Northparkes Joint Venture, which is engaged in the development of Northparkes Mine, a copper and gold mine in Australia, from North Mining Limited for approximately USD 820 million. The total project investment is estimated to be USD 910 million (RMB 5.602 billion). 

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