China Eyes Australian Gold Reserves with Zijin Mining Group’s Plan to Acquire Norton Gold Fields for $238.8m - Deal Analysis from GlobalData by GlobalData

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									          China Eyes Australian Gold Reserves with Zijin Mining
       Group’s Plan to Acquire Norton Gold Fields for $238.8m - Deal
                        Analysis from GlobalData
       Reference Code: GDMM0008M&A                                                                                                                          Publication Date: April 2012


       1         Table of Contents
       1 Table of Contents.................................................................1              1.1     List of Tables
        1.1 List of Tables .................................................................1
        1.2 List of Figures ................................................................1             Table 1:    Deal Companies....................................................... 3
       2 Zijin Mining Group to Acquire Norton Gold Fields ................2                               Table 2:    Financials ................................................................. 3
        2.1 Deal Overview ...............................................................2                Table 3:    Norton Gold Fields Limited – Share Price Information
        2.2 The Deal in Brief............................................................2                            ................................................................................. 3
       3 Acquirer and Acquiree Overview..........................................2                        Table 4:    Financial Advisors .................................................... 3
        3.1 Acquirer Overview and Expected Benefits to Accrue                                             Table 5:    Norton Gold Fields Limited – Financial Information.. 4
              from the Offer ................................................................2            Table 6:    Norton Gold Fields Limited – Financial Ratios ......... 4
        3.2 Acquiree Overview ........................................................3                   Table 7:    Company Valuation Multiples ................................... 4
        3.3 Deal Valuation and Other Details ..................................3                          Table 8:    Acquirer Information ................................................. 4
        3.4 Deal Rationale ...............................................................4               Table 9:    Target Information .................................................... 5
       4 Appendix ..............................................................................5
        4.1 Abbreviations.................................................................5
        4.2 Bibliography...................................................................5
        4.3 GlobalData’s Methodology ............................................5                        1.2     List of Figures
        4.4 Contact Us.....................................................................6              Figure 1: Location of Zijin Mining Group’s Assets ................... 3
        4.5 Disclaimer......................................................................6             Figure 2: Zijin Mining Group’s Net Profit by Metal, for the Year
                                                                                                                    Ended December 31, 2010 ...................................... 3




                                                                                                                                                GDMM0008M&A /Published APR 2012
China Eyes Australian Gold Reserves with Zijin Mining Group’s                                                                                                                     Page 1
Plan to Acquire Norton Gold Fields for $238.8m                                                      © GlobalData. This report is a licensed product and is not to be copied, reproduced,
                                                                                                                                                            shared or resold in any form
                                                                                Although Zijin is a major gold producer in China, it also
                                                                                produces copper and zinc. At the end of 2010, Zijin and its
       2      Zijin Mining Group to Acquire Norton                              subsidiaries (the Group) had 275 exploration rights, which
              Gold Fields                                                       included 43 overseas rights, 63 mining rights, and six overseas
                                                                                                                 2
                                                                                rights, covering a total of 5.7km . The proposed acquisition is
       2.1    Deal Overview                                                     particularly significant as Zijin Mining is the first Chinese
       Acquirer          :        Zijin Mining Group                            company to enter the Australian gold mining industry. In 2012,
                                                                                the company plans to mine over 28 tons of gold.
       Acquiree          :        Norton Gold Fields Ltd
                                                                                Zijin Mining is expected to benefit from the deal: The
       Deal Type         :        Acquisition                                   advantages to accrue are outlined below.
       Deal Status       :        Planned                                       3.1.1     Building a Strong Resource Base
       Date Announced :           April 3, 2012                                 The proposed acquisition will help Zijin Mining Group to build a
       Minimum Deal Value:        $238.80m                                      strong resource base through the addition of proven and
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