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Tuesday, April 12, 2011

Minmetals says 3 China banks to provide $4.6 billion in financing

Minmetal Resources Ltd , China's biggest metals trading company, said on Tuesday that three Chinese banks will provide at least $4.6 billion in corporate debt financing for its bid to buy Equinox Minerals Ltd . A majority of the loan would have a tenure in excess of six years and would be partly secured by its assets, the company said in a statement posted to the Hong Kong stock exchange.

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