Zijin Mining to set up offshore investment fund of about $500 mln

Wed Mar 20, 2013 6:05am EDT
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Hong Kong March 20 (Reuters) - Chinese gold miner Zijin Mining Group Co Ltd said on Wednesday it had agreed to set up an offshore investment fund with Canada-listed Sprott Inc with a target size of $500 million.

The fund would invest primarily in equities and debt instruments in relation to gold and other precious metals, copper, and other minerals.