Minmetals, Jiangxi to acquire Northern Peru Copper

Dec 06, 2007 | 09:07 AM | Sean Barry

Northern Peru Copper Corp. has signed an agreement of support for a cash takeover offer by state-owned China Minmetals Nonferrous Metals Co. Ltd. and publicly traded Jiangxi Copper Co. Ltd., the Vancouver, British Columbia-based miner said Thursday.

The offer of Canadian $13.75 ($13.60) a share values Northern Peru at C$455 million ($450 million). The deal is expected to close early next year.....

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