Zijin Mining Group Co., Ltd. announced that the Company and the Company’s wholly-owned subsidiary, Ding Jin Limited (Ding Jin), entered into the Agreement with Warrior Advance Pty Ltd (Warrior Advance) and Dragon Mountain Gold Limited (DMG) on November 4, 2011, in relation to the proposed acquisition of 100% of the issued share capital in Long Province Resources Limited (Long Province Resources) from Warrior Advance at a consideration of AUD175,000,000 (which, based on the exchange rate of AUD1 = RMB6.597 as disclosed by Bank of China on November 4, 2011, is equivalent to approximately RMB1,154,475,000). Ding Jin intends to pay the consideration in cash out of its internal resources and/or banking finance. Long Province Resources is a company incorporated on January 27, 2004, in Hong Kong with limited liability, principally engaged in mineral resources investment. 

Source:reuters.com