Dow Jones reported that Zijin Mining Group Company plans to acquire an additional 37.5% stake in a Chinese base metal miner and processor for CNY 105 million.

Zijin said in a statement that its stake in the miner, Wancheng Commercial Dongshengmiao Company will increase to 47.5% from 10% after it purchases shares in the company from 3 other firms. It said that it will acquire 15% stake from Gansu Jinhui Wine Group Company 12.5% from Gansu Yate Investment Group Company and 10% stake from Hainan Baohui Investment Company. Hainan Qianjinda Investment Company will remain the biggest shareholder in Wancheng Commercial with the remaining 52.5% stake.

(Sourced from Dow Jones)