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RPT-ADVISORY-Minmetals due diligence for Equinox ongoing - CEO

Published 04/05/2011, 01:13 AM

(Adds ADVISORY headline tag)

HONG KONG, April 4 (Reuters) - Please be advised that the headline issued on April 4 "MINMETALS RESOURCES CEO SAYS THIS IS BEST PRICE, NOT CONSIDERING INCREASING OFFER FOR EQUINOX MINERALS" is wrong and withdrawn. The company did not say it was not considering increasing its offer.

The attached story remains unchanged.

China's Minmetals Resources Ltd has been looking into buying Equinox Minerals Ltd for two years and due diligence for its proposed $6.5 billion takeover of the company is ongoing, Chief Executive Andrew Michelmore said on Monday.

STORY_NUMBER: L3E7F4096

STORY_DATE: 04/04/11

HEADLINE_TIME: 0424 GMT (Reporting by Denny Thomas and Alison Leung; Editing by Chris Lewis)

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