trending Market Intelligence /marketintelligence/en/news-insights/trending/JHx8PndJh07cGD1x9cNv8w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

China's Jiangxi Copper secures 1.5B yuan loan from controlling shareholder

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

China's Jiangxi Copper secures 1.5B yuan loan from controlling shareholder

China's Jiangxi Copper Co. Ltd. secured a loan of 1.5 billion Chinese yuan from controlling shareholder Jiangxi Copper Corp. Ltd. to repay bank loans and for working capital.

The loan has a 2.35% interest rate and a term of 176 days ending June 4, 2020.

The company said Dec. 11 that it is not required to provide any mortgage or guarantee for the loan, while it is entitled to make prepayments or apply for an extension of the loan term.

Jiangxi Copper has received about 4.90 billion yuan in loans from Jiangxi Copper Corp. over the last 12 months.

Jiangxi Copper Corp. has a 41.79% stake in Jiangxi Copper.

Jiangxi Copper recently spent US$1.12 billion to become the top shareholder of First Quantum Minerals Ltd., although the Canadian base metals miner denied receiving any takeover offers.

As of Dec. 11, US$1 was equivalent to 7.04 Chinese yuan.