MMG, the overseas non-ferrous metals mining unit of state-owned China Minmetals, will consider as acquisition targets only assets and projects with at least a 10 per cent return, even though it enjoys low financing costs thanks to its parent firm's connections.Tuesday, 18 March, 2014, 5:16am
With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap – but environmentalists and roving caribou stand in the way.5 Jan 2013 - 2:07pm 1 comment
China has been telling the world not to worry about the bad debt of its banks. Central bankers reassure us the situation is manageable.
Sceptical foreign investors can, perhaps, take some comfort from the wisdom and calmness of their mainland counterparts. The 3.5 billion yuan (HK$4.3 billion) loan default announced by the Metallurgical Corporation of China (MCC) is most telling.22 Dec 2012 - 2:36am 2 comments
Better late than never8 May 2012 - 12:00am
Organic materials can improve your health while making you look good, writes Victoria Ip.8 Mar 2012 - 12:00am
China Polymetallic Mining said yesterday it plans to spend 1.55 billion yuan (HK$1.89 billion) utnil the end of next year to buy mining rights and to fund development and operating costs.
The Yunnan firm said it would weather depressed equity-market valuations to launch a share offering because of its role as a consolidator of the province's metals-mining sector.2 Dec 2011 - 12:00am
The Litigators by John Grisham (read by Dennis Boutsikaris) Hodder & Stoughton (audiobook)27 Nov 2011 - 12:00am
Minmetals Resources, the Hong Kong-listed overseas mining arm of state-backed metals trading giant China Minmetals Corp, aims to quadruple its market capitalisation within five years.26 Aug 2011 - 12:00am
Li Sherong, a villager who lives along the Xiang River in Hunan province, says she is counting her remaining days after she was diagnosed with cancer nearly three years ago. She isn't the only member of her family haunted by the killer disease - her husband and two of his brothers died of cancer in the past few years.17 Jun 2011 - 12:00am
Hunan Nonferrous Metals Corp, the mainland's biggest producer of zinc and tungsten, posted a net loss of 212.4 million yuan (HK$ 241.39 million) in the first half because of lower metal prices and weak demand. This compares with a 74.17 million yuan profit for the same period last year. Turnover dropped 30 per cent to 6.2 billion yuan. The company did not declare a dividend.24 Aug 2009 - 12:00am
Western Mining, a key lead and zinc miner on the mainland, yesterday cut its production forecasts for the two minerals this year amid rising costs, limited power supplies and falling zinc prices.31 Jul 2008 - 12:00am
Nonferrous metals producer and trader EPI Holdings hopes to conclude four metals mining investments this year, including a copper project in the Philippines, with joint-venture partner Jiangxi Copper.
The Philippine mine has copper reserves of not less than 6 million tonnes and is owned by a listed firm, EPI chairman and chief executive Joseph Wong Chi-wing said.28 Apr 2008 - 12:00am
Sungreen International Holdings, a mainland agrochemical manufacturer listed on the Growth Enterprise Market, plans to diversify more into metal mining and related businesses after sealing a HK$892.5 million acquisition last week.14 Feb 2008 - 12:00am
The National Development and Reform Commission, Beijing's top planning agency, yesterday said it was concerned about 'excessively rapid' growth in investment in the country's zinc and lead smelting industries, sparking expectation of further tightening measures soon.28 Nov 2007 - 12:00am
Western Mining, a leading mainland producer of zinc, lead, copper and aluminium, plans to invest three billion yuan to explore for lead and zinc and build smelters in Hubei, capitalising on the resources of the central province.13 Oct 2007 - 12:00am