China's National Development and Reform Commission (NDRC) has approved Minmetals' agreed $850 million deal to buy debt-laden Australian miner OZ Minerals Ltd (OZL.AX: Quote), OZ said in a statement on Monday.

State-owned metals firm Minmetals also told OZ it has received binding financing agreements for completion of the deal, OZ said. (Reporting by Denny Thomas;)

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