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08-03-2011 05:55 PM

Full article in Chinese
 
Full article in Chinese: http://www.caijing.com.cn/2009-05-05/110160152.html,louboutin

» Australian miner OZ Minerals Ltd said its chief executive officer Andrew Michelmore will resign and take up a senior executive role with China Minmetals Nonferrous Metals once the Chinese firm’s proposed purchase of OZ Minerals’ assets is completed.
» China Minmetals will pay US$1.2 billion for the majority of OZ Minerals’ assets which will save OZ from liquidation by its creditors.
» The transaction was approved by the Australian treasurer last month.
» OZ Minerals said it is cutting the size of its board from eight to six,franklin and marshall, comprised of five non-executive directors and the new chief executive.
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