Reuters reported that China's Minmetals Resources Limited has extended its USD 1.3 billion takeover offer for Africa focused copper miner Anvil Mining Limited by 2 weeks to December 9th 2011.

This comes after Anvil warned last month that the offer may not be completed if the company failed to agree with its partner, state owned Democratic Republic of Congo miner La Generale des Carriere et des Mines Sarl on contractual arrangements.

Minmetals has said that the issues need to be resolved on terms satisfactory to Minmetals for the deal to go ahead.

(Sourced from Reuters)