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Minmetals Resources Ltd., a subsidiary of China Minmetals Group, agreed to buy Anvil Mining Ltd. for HK$10 billion ($1.3 billion). Anvil's main property is the Kinsevere mine, being upgraded in 2011 to produce about 60,000 tons of copper annually.
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Anvil acquisition helps Minmetals turn the corner in Congo Three months after a $1.3-billion takeover, the new owners of Anvil Mining Ltd. have posted an ambitious business plan on
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Turn off the videos and the TV and go down the street to your nearest government What about the Congo? What about lounging at the corner of this and that
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china gets foothold in africa with minmetals anvil acquisition Description Anvil acquisition helps Minmetals turn the corner in Congo
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Oct 25, 2006The Congo also has a new Mining Code since 2003, which is generally well received as a fair deal for all, with a tax on profits of 30 per cent and royalty of 2.5 per cent on precious metals. The catch is, many of the companies under the new Mining Code have holding companies in tax havens, as well as operating control, making it easy to hide profits offshore.
Investor Alerts. it doesn’t help much in the love trade arena where investors lack the Democratic Republic of Congo hopes to triple its current
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Anvil acquisition helps Minmetals turn the corner in Congo The . May 29, 2012 . Anvil's acquirer, China Minmetals Corp., has learned its Canadian lessons well. . primarily on Africa especially the risky but
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