HNC is a subsidiary of Hunan Nonferrous Metals Holdings Group Co., Ltd which is the largest producer of finished lead and zinc products in China announced that the company holds 74.28 percentage stake in Abra mining’s company and has been distributing dividends to its shareholders since 10th oct, 2008. For full story, click here
China’s second-largest lead miner Western Mining Co reported that a unit of Goldman Sachs had cut its stake in the firm from 8.1 percent to 3.1 percent. For full story, click here
Brazilian metals manufacturing company Votorantim Metais closed a deal with Peruvian zinc-lead miner Atacocha to buy 68.1 % of the latter’s Class A shares for about US$117 mn. For full story, click here For Votorantim Metais’ website, click here
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