Takeovers the order of the day

CHINA is expanding its empire with a friendly $C840 million ($A939 million) takeover of Vancouver-based Peru Copper, while speculation mounts over the possible buyer of Africa-focused uranium miner UraMin.

12 June 2007
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Peru Copper’s board of directors have unanimously recommended a friendly takeover by the Aluminium Corporation of China (Chinalco), a government-owned mining giant based in Beijing.

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