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CDB offers $4.81 bln to Zijin Mining Group  

国家开发银行300亿支持紫金矿业"走出去"开疆拓土

国家开发银行香港分行、福建分行与紫金矿业27日在福州签署了开发性金融合作协议,融资总量达300亿元人民币。

2012-10-29 13:11 Ecns.cn     Web Editor: Zang Kejia comment

Fuzhou (CNS) -- The Hong Kong and Fuzhou branches of China Development Bank (CDB) jointly signed a finance cooperation agreement worth 30 billion yuan (US$4.81 billion) with Zijin Mining Group on Saturday.

According to the agreement, the CDB will leverage the Hong Kong platform to help the operator of China's largest gold mine get overseas financing and carry out mergers and acquisitions.

The finance agreement will realize integration between financial capital and industry, and promote the movement of China's mining industry abroad, said Liu Hao, president of CDB's Hong Kong branch.

It is our company's largest financing agreement with financial institutes, said Chen Jinghe, chairman of Zijin Mining.

The state-run mining giant began exploring a strategy of "going abroad" in 2005 and now mainly focuses on large international projects. It managed to acquire more than 50 percent of shares from Australia's Norton Gold Fields in August, which marked the first successful acquisition by a Chinese enterprise in the international gold mining market.

Zijin is China's largest gold producer, second largest copper producer, and an important producer of zinc, tungsten and iron ore.

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国家开发银行300亿支持紫金矿业"走出去"开疆拓土

国家开发银行香港分行、福建分行与紫金矿业27日在福州签署了开发性金融合作协议,融资总量达300亿元人民币。

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