Corporate digest

China Mining International

CHINA Mining International plans to buy a 40.15 per cent stake in Sino Feng Mining International for China Mining's rights to a 10 per cent share of profit in the Yi Feng Holiday Plaza Project in Henan, China. The vendor of the stake is Sino-Africa Mining International.

Following the deal, China Mining will hold an effective 16.06 per cent interest in Aero Wind Properties, which holds prospecting rights in an iron ore project in South Africa.