Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Mining major Anglo American (Anglo) would sell its Moly-Cop and AltaSteel to Australian company OneSteel for $932-million. The two businesses, which are part of Anglo’s Scaw Metals, make steel balls and rods that are used to grind up copper and gold ore in the huge rotating mills of mining plants. Read more