Minmetals in JV with Poland for mines
China Minmetals Corp, the nation's largest metal trader, has joined forces with the world's sixth-biggest copper supplier to develop new mines across the globe, state media said Thursday.
By Agencies |
BEIJING: China Minmetals Corp, the nation's largest metal trader, has joined forces with the world's sixth-biggest copper supplier to develop new mines across the globe, media said Thursday.
Minmetals and KGHM Polska Miedz SA of Poland have signed a framework agreement to develop copper mines in China, Poland and other countries, the media reported.
"The move is expected to combine KGHM's expertise in copper development and manufacturing with Minmetals' advantages in capital and sales channels," the Chinese company said, according to the paper.
One of the first projects the two companies will look at is a new non-ferrous metal mine in north China's Inner Mongolia region, the paper said.
Copper demand from China has global implications because it is the world's largest consumer of the metal.
Minmetals and KGHM Polska Miedz SA of Poland have signed a framework agreement to develop copper mines in China, Poland and other countries, the media reported.
"The move is expected to combine KGHM's expertise in copper development and manufacturing with Minmetals' advantages in capital and sales channels," the Chinese company said, according to the paper.
One of the first projects the two companies will look at is a new non-ferrous metal mine in north China's Inner Mongolia region, the paper said.
Copper demand from China has global implications because it is the world's largest consumer of the metal.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
