Chinese toll road and infrastructure investor Yue Da Holdings Ltd. said yesterday that it had agreed to pay 250 million yuan for a metal mining firm in China's southwestern province of Yunnan to tap rising metal prices. It will buy Fly Ascent Group Ltd., which is engaged in the mining and sales of zinc and iron ores, from Feilong Holdings Ltd., the company said in a statement. Fly Ascent has mining rights for Tenchong Mining Site, which has rich iron and zinc reserves in Yunnan Province.

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