UPDATE 1-Sprott Zijin Mining to set up $500 mln mining fund

Wed Mar 20, 2013 8:31pm EDT By Shounak Dasgupta March 20 (Reuters) - Canadian asset manager Sprott Inc and Chinese gold miner Zijin Mining Group Co Ltd said on Wednesday they have agreed to set up an offshore mining fund with a target size of $500 million. Under the agreement, Zijin will contribute $100 million, while Toronto-based Sprott will pay $10 million. The rest will come mostly from ...