Minmetals bid for Oz Minerals rejected
28-03-2009
Australia has rejected state-owned Minmetals' US$1.7-billion bid for Oz Minerals. Treasurer Wayne Swan noted in a statement that the government would only approve the deal if it excluded the Prominent Hill copper-gold mine. The mine is located close to a weapons-testing range in a rural part of south Australia. Mr Swan said the government was willing to consider alternative proposals. Minmetals said it would consider this.
