国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Chinalco to buy more copper firms

(Agencies)
Updated: 2007-10-20 09:50

Aluminum Corp of China plans to buy more overseas copper mining companies to meet rising domestic demand and help diversify earnings.

The Beijing-based company plans to "make moves on several firms listed on overseas markets" and may make an announcement this month, said Xiao Yaqing, chairman of the State-owned company, also known as Chinalco. Chinalco bought Peru Copper Inc for $860 million in August.

Mining companies in China are likely to buy metal deposits and oilfields in Africa, Latin America and Australia to feed demand, Citigroup said this month. The nation needs more commodities to fuel growth and almost doubled copper imports in the first nine months.

"China wants a large, State-owned metal and mining firm to secure supplies to meet its surging demand," Heng Kun, an analyst at Essence Securities Co, said in Beijing. "Xiao's ambition is to fulfill that role and overseas acquisitions are obviously the quickest way."

Vancouver-based Peru Copper owns Peru's third-largest deposit of the metal used to make wires and pipes. Chinalco also agreed this year to buy a 49 percent stake in Yunnan Copper Group, which owns China's third-biggest producer.

"We hope to acquire more copper resources because this is what China is short of," Chinalco's Xiao said at the sidelines of the 17th Party congress.


(For more biz stories, please visit Industry Updates)



来凤县| 顺义区| 望都县| 苏尼特右旗| 南乐县| 平南县| 巨野县| 滨海县| 吴忠市| 黔江区| 平度市| 体育| 勐海县| 老河口市| 温州市| 阿克陶县| 中山市| 呼伦贝尔市| 搜索| 和平县| 永和县| 巴青县| 华安县| 且末县| 高唐县| 葵青区| 福安市| 合阳县| 望奎县| 防城港市| 左权县| 宣恩县| 长阳| 南靖县| 贡嘎县| 元氏县| 杭州市| 恩平市| 泾川县| 科技| 康平县|