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Baiyin Nonferrous Plans to Buy Mining Firm With Brazilian Copper-Gold Mine
Baiyin Nonferrous Group (601212.SH) intends to acquire equity in a mining company.
Baiyin Nonferrous Group (601212.SH) announced on July 22nd that the company intends to purchase all the equity of a mining company (referred to as the "target company") in cash and thus obtain control of the target company. The target company is currently operating a copper and gold mine in Brazil, which is the target company's main asset, with an average annual production of copper concentrate containing a total metal content of about 0.02 million tons.
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