worth of overseas mining assets snapped up by China-backed funds and companies in just six months this year according to a report by Mergermarket and international law firm Baker & McKenzie. They are expected to continue bidding for strategic assets amid a phase of commodity downturn.
China Molybdenum paid to acquire Freeport-McMoRan’s stake in the Tenke Fungurume mine in Congo.
Paid by China Molybdenum to buy niobium and phosphate assets in Brazil from Anglo American (LON:AAL). The company has emerged as the main buyer so far this year.
stake of the Mount Marion lithium project in Western Australia, acquired by Jiangxi Ganfeng Lithium - the country’s biggest maker of battery-grade lithium.
of a copper-gold mine in Queensland, Australia acquired by Infrastructure construction firm Sichuan Railway Investment Group (SRIG) for AUS $330 million.
stake in Barrick Gold’s (TSX, NYSE:ABX) Porgera operation in Papua New Guinea acquired by Zijin Mining, China’s biggest gold company for $298 million.