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IFR reports Minmetals raised $499m from a share placement

Mineweb | April 19, 2011 | 12:20 pm

China's Minmetals Resources Ltd will raise $499 million from a share placement, IFR reported on Tuesday. The new shares were sold at HK$5.10 ($0.66) each, below the indicative price range of HK$5.20-$5.60, translating to a discount of approximately 13.4 percent...

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