Displaying items by tag: Chenzhou Xiongfeng Rare & Precious Metal Materials

China: Chifeng Jilong Gold Mining plans to take over 100% of the equities in Chenzhou Xiongfeng Rare & Precious Metal Materials through a share offering and cash payment. The target equities were assessed at US$145m. Chenzhou Xiongfeng recycles metals like bismuth, silver, gold and palladium from nonferrous metal smelting slag. Chifeng Jilong Gold Mining will raise capital by selling shares to not more than ten investors and the financing will be not more than 25% of consideration for the deal.