Oz Minerals Agrees to Sell Assets to Chinese Rival.

MELBOURNE -- The Australian miner Oz Minerals agreed to sell most of its assets to Minmetals for $1.2 billion Wednesday, securing the Australian mining sector's second big Chinese investment in as many days. The deal, renegotiated after the Australian government blocked the previous bid by the state-owned Chinese company, promises to rescue one of the world's biggest zinc miners from defaulting on its debt and gives Minmetals all but two of Oz Minerals's main assets. [ABSTRACT FROM PUBLISHER]