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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.

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