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Article: China Minmetals to invest over USD 966 mln in China Rare Earth Metal (Group) Co., Ltd.
- Article from:
- China Business News
- Article date:
- January 29, 2003
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China Minmetals to invest over USD 966 mln in China Rare Earth Metal (Group) Co., Ltd.
Shanghai. January 29. INTERFAX-CHINA - The China Minmetals Group, the largest metal and mineral ore trading company in the country, will inject no less than RMB 800 mln (USD 96.62 mln) into the newly formed China Rare Earth Metal Tungsten (Group) Co., Ltd.
The capital from China Minmetals will be used to upgrade technology and consolidate the new company's operations in the tungsten, tantalum and niobium, and rare earth sectors in Jiangxi.
Unveiled on December 31, 2002, China Rare Earth Metal ...