22/06/2015 - 11:58

Zijin bids $47m for Phoenix Gold

22/06/2015 - 11:58

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The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.

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