People Daily (Free subscription) | 11 hours ago
Teck Resources Ltd, Canada's largest base-metals producer, said its partnership with China's sovereign wealth fund will win the company more coal, copper and zinc sales and provide financing for future acquisitions. China Investment Corp (CIC), which bought about 17 percent of Teck in July, has helped the company gain better access to customers including Jiangxi Copper Co as well as three of the nation's...
People Daily (Free subscription) | 26/11/2009
The benchmark stock index rebounded from its biggest loss in almost three months yesterday on speculation Tuesday's decline was excessive relative to earnings prospects. SAIC Motor Co rallied 2.9 percent to 25.04 yuan while Jiangxi Copper Co added 3.8 percent to 43.89 yuan. The Shanghai Composite Index rose 66.64, or 2.07 percent, to close at 3290.17, after changing direction at least nine times. The...
People Daily (Free subscription) | 22/10/2009
China Minmetals Corp, a major State-owned metals and mineral trader, expects to begin construction of the Galeno copper mine in Peru next year and production by 2012, the company's assistant president Zhang Shoulian said yesterday. The Galeno copper mine, purchased jointly by China Minmetals and Jiangxi Copper Co early last year, is believed to have 20 years of mine life and an annual production estimate...
Market Watch (Free subscription) | 16/07/2009
LOS ANGELES (MarketWatch) -- Hong Kong stocks took early gains Thursday, with mainland Chinese metal companies up sharply after data showing China's economy grew by a better-than-expected margin in the second quarter. Shares of Aluminum Corp. of China Ltd., also known as Chalco was up 3.7% in early action, while Jiangxi Copper Co. rose 4.7% and Angang Steel Co. was 2.6% higher. The benchmark Hang...
People Daily (Free subscription) | 26/06/2009
Most mainland stocks fell on speculation 2009's rally has outstripped the prospects for earnings growth with the benchmark Shanghai Composite Index trading at the most expensive relative to earnings in 15 months. Jiangxi Copper Co, the country's biggest producer of the metal, slid 1.7 percent after more than doubling this year and Aluminum Corp of China Ltd dropped 2.4 percent. China Pacific Insurance...
Market Watch (Free subscription) | 22/10/2008
HONG KONG (MarketWatch) -- Jiangxi Copper Co. , China's largest copper producer, Tuesday reported a 26.9% decline in third quarter profit due to an increase in operating costs and losses on financial investments. Net income for the July-September period dropped to 919.5 million yuan ($134.6 million), or 0.30 yuan a share, from 1.26 billion yuan in the same quarter a year ago. Quarterly revenue increased...
Seeking Alpha (Free subscription) | 10/12/2007
FP Trading Desk submits: It is possible that Northern Peru Copper Corp. (NPUCF.PK) will see a higher competing bid, despite agreeing to a C$13.75 per share cash offer from state-owned China Minmetals Nonferrous Metals Co., and Jiangxi Copper Co. (JIAXF.PK), analysts said. Complete Story »
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