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Examples
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The board and management have devoted themselves to working closely with our corporate partners, Jinchuan Group Limited ( 'Jinchuan') and Compania Minera Milpo S.A.A., to advance our projects in Kenya and Peru while also working continuously to find a single, accretive, company-making transaction that will benefit all shareholders ".
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The board and management have devoted themselves to working closely with our corporate partners, Jinchuan Group Limited ( 'Jinchuan') and Compania Minera Milpo S.A.A., to advance our projects in Kenya and Peru while also working continuously to find a single, accretive, company-making transaction that will benefit all shareholders ".
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Last week, however, Chinese nickel producer Jinchuan Group Co. offered to buy Metorex for 8.90 rand a share, which values the South African company at about $1.35 billion.
Brazil Vale Has 'No Intention' to Match Bid for Metorex Diana Kinch 2011
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Metorex, in a statement Monday, acknowledged Vale's decision and said its board would "convene shortly to consider its position with respect to the Vale offer and the Jinchuan offer."
Brazil Vale Has 'No Intention' to Match Bid for Metorex Diana Kinch 2011
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Chinese nickel producer Jinchuan Group, which holds a 13% stake in Perth-based Metals X, last month signaled it won't convert its interest into a direct 20% interest in the broader project area covering Wingellina after failing to gain approvals from Chinese government regulators.
Samsung Mulls Australian Mine Project David Fickling 2011
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Vale withdrew its offer to acquire South Africa-based copper producer Metorex and has "no intention" of matching the terms of a rival bid from China's Jinchuan.
What's News— 2011
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Continental has granted Jinchuan a right to match competing unsolicited bids, and the arrangement provides for a C$13. 4 million break-fee up fee in certain circumstances.
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Jinchuan is an integrated company engaged in mining, concentrating, metallurgy and chemical engineering.
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Its letter agreement with Jinchuan isn't yet binding in all respects.
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Jinchuan is offering to buy Continental Minerals for about $419 million, marking the latest move in China's buying spree in the global mining sector.
What's News 2010
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