CapitalVue reported that Minmetals Resources had received the approval of Australia's Foreign Investment Review Board to fully acquire Anvil Mining.

Minmetals had made a general tender offer on September 29th 2011 which valued Anvil Mining at CNY 8.4 billion, a 39% premium over Anvil’s closing price on the Toronto Stock Exchange on the same day.

Anvil Mining is a basic metals prospecting and exploration group that is dual listed in Canada and Australia. Its major assets are two copper mines in Congo's Katanga province.

The copper output of the two mines totaled 9,315 tonnes in the first half, including 5,939 tonnes of copper concentrate and 3,376 tonnes of electrolytic copper.

Anvil Mining has recommended the tender offer to shareholders and expects to complete the deal within a month.

(Sourced from CapitalVue)