China Knowledge reported that Xinjiang Xinxin Mining Industry Co Ltd the nation's second largest nickel producer has agreed to invest CNY 540 million to acquire three nickel-copper mines in Xinjiang Uygur Autonomous Region from Canada-based GobiMin Inc. According to Xinxin Mining's statement filed with the Hong Kong Stock Exchange, the Xinjiang-based firm has nailed down two framework acquisition deals with Alexis Investments Ltd, a wholly-owned subsidiary of GobiMin. |
