China mulls merger of metals giants Minmetals, China National Gold

China mulls merger of metals giants Minmetals, China National Gold

Photo: Reuters

China is considering a merger between China Minmetals Corp, one of the country’s largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.

Three sources with knowledge of the discussions said the two state-owned firms have been in negotiations for months, though any agreement could still be some time away.

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