Source: Steelguru, March 14, 2008
China Securities News cited Mr Zhou Zhongshu president of
China Minmetals Corporation as saying that China
plan to set up metals &
mining investment fund as soon as possible to push domestic enterprises'
participation in global prospecting and mining of mineral resources.
Mr Zhou said the proposed metals & mining investment
fund could be initiated by united banks of China investment corporation, large
domestic mining enterprises and overseas strategic investors, targeting at the
internationally advantageous metals & mining groups for investment, buying
shares or making acquisitions directly, with the purpose of building pivot,
strategic mineral resources reserves abroad.
He said under such circumstances we need to rely on the
nation's foreign exchange reserves set up national metals & mining
development fund as a new thought to open up prospecting and mining of mineral