2006-11-20
Sourced form：Infocast

(Infocast News) Zijin Mining Group (2899) announced that its subsidiary, Wuding County Yunye Jinyuan Mining Ltd (Yunye Jinyuan) agreed to sell 940 tonnes zinc metal in zinc sulfide concentrates to Yunnan Yunye Zinc Company Limited, a 27.5%-owned subsidiary of Zijin Mining, for a consideration of RMB18 million ($17.822 million equivalent). The company has an opportunity to enlarge sale of zinc sulfide concentrates in Yunnan area through the transaction, said Zijin Mining Group. The zinc sulfide concentrates will be shipped to Yunnan Yunye not later than December 31 and the payment will be received by Yunnan Yunye not later than 31 January 2007. Zijin Mining Group currently owns 40% of Yunye Jinyuan through Yunnan Huaxi Mining Co., Ltd.