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Zijin Mining acquires a further 21% interest in La Compagnie Miniere de Musonoie Global SAS from Zhejiang Huayou Cobalt for approximately US$34 million

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Confidential Client

On August 26, 2016, Jin Cheng Mining Limited, a wholly-owned subsidiary of Zijin Mining Group Co., Ltd., acquired a 21% equity and other related interest in La Compagnie Minière de Musonoie Global SAS, from Zhejiang Huayou Cobalt Co., Ltd. for approximately US$34,000,000. La Compagnie Minière de Musonoie Global SAS is a Democratic Republic of Congo based copper mining development company. Following the transaction, Jin Cheng Mining Limited owns 72% of this company. Fasken represented Jin Cheng Mining and Zijin Mining in this transaction with a team that included Michael Boehm, Lei Huang, Daye Kaba, Dan Su and Félix-Olivier Hébert.


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