No 3 Zhongrun Resources Investment Corp agreed to acquire Iron Mining International (Mongolia) Ltd

Zhongrun Resources Investment Corp of China agreed to acquire the entire share capital of Iron Mining International (Mongolia) Ltd, an iron ore mining company, from China Life Insurance (Overseas) Co Ltd, Mongolia Yiluohe Steel & Iron Mining Co Ltd, Successful Key Ltd, City Ford Ltd, New Dornyn Gobi Ltd, a unit of Jin He Investment Holdings Ltd, and Yu Rui Holdings, jointly owned by UBS Nominees Ltd of Australia and Unihouse Nominees Ltd of Jersey, and Kanbell Global Ventures Ltd, and other 13 companies, for $1.935 billion.

Transaction value: $1.935 billion

An excavator is working in a iron ore mining in Mongolia. [File/Photo]