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JES investing in Xinjiang mining firm

Wednesday, November 6, 2013 - 06:00

LOSS-MAKING Chinese shipbuilder JES International is buying up to 30 per cent of a mining exploration firm in Xinjiang, China, in a bid to diversify its earnings stream. The firm is investing $127 million - or 89.15 per cent of its market capitalisation as at Monday - in Mineriver, a Singapore-

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