JOHANNESBURG: South Africa's Palabora Mining Company said on Wednesday its shareholders had approved a 9.3 billion rand ($812.01 million) plan to extend the life of its copper mine by 20 years.
"A group of shareholders composed of the Chinese consortium which include global steel manufacturer, HBIS and South Africa's IDC approves a 9.3 billion rand life of mine extension project for Palabora Copper," the company said in a statement.
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