China's 10 Nonferrous Metal Output down 1.9% in Nov

BEIJING, Dec. 27 -- China Nonferrous Metal Industry's Foreign Engineering and Construction Co Ltd&lt;000758&gt; plans to inject RMB 261 million into Chifeng NFC Zinc, bringing its shareholding from the current 44.72% to 52.31%.
According to a statement released by the Shenzhen-listed firm, its board of directors predicted that the capital injection will add RMB 9.05 million in net profits and 1.4 RMB cents in earnings per share this year.
In the first half of 2010, Chifeng NFC Zinc earned RMB 183 million in sales revenue and RMB 119 million in net profit.
Separately, China Nonferrous Metal said it will subscribe 10 million shares issued by Australia-listed lead-zinc developer Terramin Australia or TZN for a total of A$6.2 million or about RMB 41.11 million. Upon the completion of the share subscription, China Nonferrous Metal will hold 14.38% equities of TZN from the current 9.26%.&nbsp;&nbsp; 
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