Also in Australia, shares of papermaker Paperlinx Ltd. doubled after agreeing to sell a unit, and OZ Minerals Ltd. OZ Minerals surged 20% on a A$2.6 billion takeover bid from China's Minmetals. based mining company. Chinese resources firm Minmetals has offered to buy Oz Minerals (OZL.AX), the world's No. Struggling miner OZ Minerals catapulted 9.5 cents, or 17.3%, to 64.5 cents after investors digested a takeover offer by Chinese owned Minmetals. Continued… owned resource group has thrown the debt-laden OZ Minerals a lifeline through a $2.6 billion takeover bid. 2 zinc miner, Oz Minerals Ltd. Oz Minerals was formed last July in a merger its own executives valued at A$11.6 billion. laden OZ Minerals Ltd. 2 zinc miner, for $1.7 billion, a 50 percent premium to Oz Minerals' last traded price. My investment in mining company OZ Minerals also is looking shaky and may go the same way as Babcock.
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