China Minmetals says scraps Equinox bid

Reuters

HONG KONG (Reuters) - China's Minmetals Resources Ltd <1208.HK> has decided not to pursue its planned bid for Equinox Minerals <EQN.TO>, after Canada's Barrick Gold Corp <ABX.N> trumped its original offer, the Chinese company said in a statement on Tuesday.

Minmetals also said it owned a stake of around 4.2 percent in Equinox.

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(Reporting by Denny Thomas; Editing by Jonathan Hopfner)