Home

Metal News

Minor Metals

China Guangxi Nonferrous Inks $787 Mln In Resource Deals -Report

SMM Morning Review - 2010/9/14 Aluminum Market

BEIJING, Sep.&nbsp;14&nbsp;-- State-owned Guangxi Nonferrous Metals Group has signed six overseas resource deals for projects in iron ore, gold, tin, manganese and tungsten-antimony valued at CNY5.35 billion ($790 million), the state-run China Daily newspaper reported Tuesday, citing the company's chairman, Li Yangtong.
Signed on the sidelines of a Chinese conference with the Association of Southeast Asian Nations, the agreements include iron-ore and gold projects in Cambodia; tin in Laos, manganese in South Africa and tungsten-antimony in Mongolia, the newspaper said.
Guangxi Nonferrous also plans to list the Cambodia iron ore project, valued at CNY2 billion, in Hong Kong, Li said in the report.
It is also exploring nickel assets in Indonesia and has set up representative offices in Laos to explore for potash, tin, gold, zinc, lead, copper and antimony, according to the report.
The company is also researching mining investments in Myanmar and Vietnam, and while its focus its neighboring Southeast Asia, it isn't excluding other regions, Li said in the report.
&nbsp;