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min2664 After #Minmetals agreement to buy copper producer Anvil mining in September, it has been speculated that the company now has its eyes on Mirabela Nickel and Alumina Ltd. Wang Jionghui, general manager of mining exploration at China Minmetals Corphad also said in an interview at a conference in China that the group would be interested in acquisitions to meet demand for commodities in emerging markets. Mirabela owns the Santa Rita nickel mine in Brazil , and Alumina, which is an owner of the world's biggest producer of the raw material. "Consummating a few of these would go a long way to closing that valuation gap," John Stephenson , who helps manage $2.7 billion at First Asset Investment Management Inc., said in a telephone interview from Istanbul. "Minmetals' mines have relatively short mine lives. They definitely would be an acquirer and it would certainly help." Minmetals Resources, which produces zinc, copper, lead and gold from mines in Laos and Australia , is run by 59-year-old Australian #AndrewMichelmore, the most senior non-Chinese executive at a state-owned listed mining company. Minmetals is a silver sponsor of the Asia Mining Congress. To learn about Asia Mining Congress, visit our website or download our brochure here . Read full article here http://www.bloomberg.com/news/2011-11-06/mirabela-takeover-seen-with-minmetals-chasing-nickel-real-m-a.html
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