VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/02/12 — Minco Base Metals Corporation (the „Company“ or „Minco Base Metals“) reports that it had closed the transaction relating to the sale of its 61% interest in Gansu Keyin Mining Co. Ltd. („Keyin“) to Baiyin Non-Ferrous Metals Group Co. Ltd. for RMB 155,000,000 (approximately C$23,000,000) at the end of June 2010. The sale completed following the approval by shareholders of such sale at the Company-s annual general and special meeting held on June 29, 2010. Keyin holds a 100% interest in the White Silver Mountain project located in Gansu, China.
Contacts: Minco Base Metals Corporation Ute Koessler 604-688-8002
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