Sunday, March 7, 2010

Jinchuan May List Cobalt Units

The chairman of Jinchuan Group, Yang Zhiqiang, has said that his company may list its cobalt units on the Shanghai bourse. However, Mr Yang ruled out listing his company’s nickel assets. Jinchuan is Asia’s largest nickel producer.


“We may finish preparatory work within the year”, he said, adding that the company is looking for underwriters.

The company plans to start nickel exploration in Tanzania in the first half of this year and will invest with Canadian company,Tanzanian Royalty Exploration Corp., to develop nickel assets in the north west of the country.

Mr Yang denied reports that Jinchuan will build a nickel/copper project in China’s Guangxi province.

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