The commission said it had found that the proposed transaction was not likely to substantially prevent or reduce competition in the affected markets, namely the production of manganese ore and manganese alloys.
[Ferro-Alloys.com]Located in Baotou, Inner Mongolia, Mintal Group is China's largest and most competitive ferrochrome producer. Both China Metals Corporation and America's Goldman Sachs are Mintal Group's shareholders.
[Ferro-Alloys.com]Hengshan Holding is a large ferrochrome and ferronickel producer in China, currently focusing on the production of high carbon ferrochrome, medium carbon ferrochrome, low and micro carbon ferrochrome.