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ABOUT US |
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CONTACT US |
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ADD：Kengbian Industrial Zone Anhai Town, Jinjiang City, Fujian, China
CODE：362261
CONTACT：Mr. Huang
TEL：+86-595-85765820 85760076
FAX：+86-595-85789897
E-MAIL：webmaster@xinghua.cc |
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| Zijin Mining announced the acquisition of short-term projects can not contribute to profit |
| UPTIME：2011-11-08 AOTHOR： SOURCE： |
Zijin Mining announced last night, Glencore sold for $ 260 million convertible bonds, and $ 228 million respectively, and A $ 175 million acquisition of Golden Eagle Mining 45% equity and 100% stake in Gansu Province resources.
Comments that GF Securities, Zijin Mining sell bonds to get foreign investment funds, the acquisition is completed, Zijin Mining of gold and copper reserves increased from 371.22 to 1121.39 tons and 2180400-12759100 tons, an increase of 49.48%, respectively, the proportion of and 20.61%, to enhance the company's industry competitiveness and sustainable development.
The report notes that the acquisition of resource projects are in exploration stage and there is no exploitation, not the short-term profit contribution for the Zijin Mining.
Therefore, GF Securities maintain Zijin Mining 2011-2013 0.29 yuan, 0.32 yuan and 0.36 yuan EPS forecast to maintain a "buy" rating. |
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