Minmetals Resources Ltd Receives FIRB Approval to Acquire Anvil Mining Ltd

HONG KONG, Oct. 24, 2011 /PRNewswire-Asia/ -- Minmetals Resources Limited (HKSE: 1208) ("MMR" or "the Company") announced today that it has received formal notification from the Treasurer of the Commonwealth of Australia under the Foreign Acquisitions and Takeovers Act 1975 (Commonwealth of Australia) that the Treasurer does not object to MMR's offer to acquire all of the common shares (on a fully diluted basis) of Anvil Mining Limited (TSX: AVM) (ASX: AVM) ("Anvil") ("FIRB Approval").

Receipt of FIRB Approval satisfies one of the key conditions set out in MMR's offer for Anvil announced on 30 September 2011 which was formally commenced through the issue of the takeover bid circular to Anvil shareholders on 19 October 2011 ("Circular").

MMR's offer of CAN$8.00 per Anvil share in cash is open for acceptance until 8.00pm Toronto time on 24 November 2011 subject to the terms and conditions set out in the Circular.

Andrew Michelmore, CEO and Executive Director of MMR said: "FIRB Approval achieves a key condition and was a necessary step before MMR could take up shares tendered into MMR's offer. Now that Anvil shareholders have the offer documentation we urge them to accept the offer before it closes."

SOURCE Minmetals Resources Limited