Copper $ 5.358 / lb 0.48%

Brent Crude Oil $ 62.06 / bbl -0.13%

Palladium $ 1540.5 / ozt -0.84%

Crude Oil $ 58.38 / bbl 0.02%

Natural Gas $ 4.582 / Btu 0.09%

Silver Futures $ 61.545 / ozt 0.71%

Aluminum Futures $ 2868.5 / ton -0.83%

Micro Gold Futures $ 4245.4 / ozt 0.21%

Micro Silver Futures $ 61.545 / ozt 0.68%

Platinum $ 1691.8 / ozt -1.09%

Gold Futures $ 4245.4 / ozt 0.19%

Go to MDC Markets

Zijin Mining planning $280m U.S. dollar-denominated bond issue

Mineweb | June 28, 2011 | 7:03 am Base Metals Precious Metals Asia China Copper Gold Zinc

Zijin Mining Group Co Ltd said it plans a $280 million U.S. dollar-denominated bond issue, raising capital to acquire copper concentrate overseas for a smelter project of its unit.

In a filing to the Hong Kong bourse on Tuesday, Zijin Mining said the bonds would have maturity of five years and a fixed interest rate of 4.25 percent per year during its term with interest payable semi-annually.