China Railway, Tongling Bid for Canada’s Corriente

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Dec. 29 (Bloomberg) -- China Railway Construction Corp. and Tongling Nonferrous Metals Group Holdings Co. are offering C$679 million ($651 million) for Canada’s Corriente Resources Inc. to gain copper resources in South America. China’s biggest railroad builder and Tongling, the nation’s second-largest copper producer, would gain mining rights to 17 deposits in southeast Ecuador. Bloomberg's Jason Bellini reports. (Source: Bloomberg)

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