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Home / Metal News / Newssummary: Jiangxi Copper to Buy 50% Interest in Turkey's Nesko Metal

Newssummary: Jiangxi Copper to Buy 50% Interest in Turkey's Nesko Metal

Feb 18, 2014 11:11

Source:SMM

Jiangxi Copper Co., partnered with two Beijing-based companies, will buy a 50% interest in Turkey’s Nesko Metal Sanayi Ve Ticaret Anonim Sirketi for $65 million, Chinese media reported today.

SHANGHAI, Feb. 18 (SMM) – Jiangxi Copper Co., partnered with two Beijing-based companies, will buy a 50% interest in Turkey’s Nesko Metal Sanayi Ve Ticaret Anonim Sirketi for $65 million, Chinese media reported today.

Nesko Metal mines copper in Albania by a locally-registered company Beralb sha., the report said, citing unnamed people from Jiangxi provincial government.

Jiangxi Copper will put up $62.40 million while its partners CRM International (Beijing) Co. and Beijing Metal Challenge Global Trading Co., $1.3 million each, the report said.

Jiangxi Copper Co.

Turkey Nesko Metal

CRM International (Beijing) Co.

Beijing Metal Challenge Global Trading Co.

Chinese news summary

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Newssummary: Jiangxi Copper to Buy 50% Interest in Turkey's Nesko Metal

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