China Gold International picks up a Zambian miner for $20.4 million

China Gold International Resources Corp. Ltd. (TSX:CGG) is acquiring China Nonferrous Mining Corporation Limited (HKSE:1258) for HK$155.1 million (CAN$20.4 million).

China Nonferrous is a copper producer based in Zambia focusing on mining, ore processing, leaching, smelting and sale of copper.

China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of China.

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