Reuters: Mergers News: KGHM buys another 29 pct in Ajax Mining for $30 mln

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KGHM buys another 29 pct in Ajax Mining for $30 mln Apr 2nd 2012, 13:15 WARSAW, April 2 | Mon Apr 2, 2012 9:15am EDT WARSAW, April 2 (Reuters) - Polish copper miner KGHM bought used its option to buy another 29 percent in its Canadian joint venture with Abacus Mining for $29.9 million, KGHM said on Monday. After the purchase KGHM will hold 80 percent in the copper and gold project. It plans to invest $795 million in the joint venture.

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