Minmetals Resources Ltd. agreed to buy the Anvil Mining Ltd., valued at HK $ 10 billion or U.S. $ 1.3 billion. China's government-owned companies are buying Anvil to meet the needs of copper raw materials continues to increase. China is one of the world's largest copper consumer.In its official statement, Minmetals have to pay U.S. $ 7.7 for each share of Anvil Mining Ltd. also mentioned, all Anvil directors, has recommended the sale of the company.
In addition to buying Anvil Mining Ltd. China also attempted to control the copper mines in Africa, Minmetals Resources Ltd. also made an offer valued at C $ 6.04 billion to African mining company, Equinox Minerals Ltd but, to date the offer is still not reached an agreement.