Abstract:
Nowadays Chinese mining companies often acquire mines asset overseas in order to solve the issue that China copper concentrate have a big gap between the supply and demand.The Africa already becomes an important target area.The paper compares the deal in detail between Jinchuan acquiring Merotex and MMG acquiring Anvil,both asset located in Africa,including the target company and the deal introduction,the resource and the reserve of the mine,the important finance data estimate and the valuation multiple,illustrate that the mining M&A in Africa have a higher cost,but Jinchuan's deal is little better than MMG's.