Zijin Mining Group, China's biggest gold miner, is leading a consortium that has made a US$185.4 million takeover offer to British copper miner Monterrico Metals PLC. If the deal goes through, this would be China's first takeover of an overseas listed company, according to AP. Zijin has a 45% share in the consortium, which was formed in August to explore mining investments. The other shareholders include Chinese copper miner Tongling at 35% and real estate conglomerate, Xiamen C & D, with 20%. Monterrico's board members have voted unanimously to recommend for shareholders to accept the offer. China also has interests in Zambian copper and mines in Guyana, South America extracting calcined bauxite, a material in aluminum used in aircraft, industrial construction and kitchen utensils.