China's Zhaojin Mining plans up to RMB 2 billion short-term bonds

By Marisa Wong

Madison, Wis., Aug. 22 - Zhaojin Mining Industry Co. Ltd. said it plans to issue up to RMB 2 billion of short-term bonds.

The bonds will have a maturity of one year or less.

Proceeds will be used to meet capital requirements for normal production and operations.

The bonds are subject to shareholders' approval at an extraordinary general meeting scheduled for Oct. 8.

The company is engaged in investment holding and exploration, mining, ore processing, smelting and selling of gold and other metallic products and is based in Zhaojin, China.

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