Minmetals Resources Ltd. Acquires Interest in Guangxi Huayin Aluminium Company Limited from China Minmetals Non-ferrous

Minmetals Resources Ltd. announced that the Company (purchaser) and China Minmetals Non-ferrous Metals Company Limited (CMN) (vendor) entered into the agreement for the sale and purchase of a 33% equity interest in Guangxi Huayin Aluminium Company Limited (Guangxi Huayin) for a consideration of RMB855,998,331 (equivalent to approximately HKD890,238,264) payable by cash. A deposit of RMB342,399,332 (equivalent to approximately HKD356,095,305), representing approximately 40% of the consideration for the sale interest, shall be payable within five business days after the agreement. The remaining balance of the consideration in the sum of RMB513,598,999 (equivalent to approximately HKD534,142,959), representing approximately 60% of the consideration for the sale interest, shall be payable within five business days from the satisfaction of all conditions precedent. The consideration for the sale interest will be financed through internal resources of the Company and part of the proceeds from the issue of the HKD1,000,000,000 zero coupon guaranteed convertible bonds due 2011 by the Company in 2006.

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