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

Wed Mar 20, 2013 6:05am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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.