China Metallurgical Baoye take stake in Henan northern mining

July 12, 2008

July 12th (Steel Guru) – China Metallurgical Group Corporation announced that the China Metallurgical Baoye Construction Company purchased 51% stock right of Henan Lushi County northern mining company.

It is the first time for China Metallurgical Baoye Construction Company is getting involved in the development of iron ore fields.

The exploitation products of Northern Mining Company mainly include iron, copper, zinc, gold, sliver, molybdenum etc 11 kinds of metal resources. China Metallurgical Group is one of the key enterprises of China’s overseas investment in ferrous and non ferrous metals.

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