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China Aluminum Holding Tungsten And Tungsten Group &Nbsp, Committed To Invest 10 Billion Yuan In 5 Years.

2010/9/28 14:34:00 75

China Aluminum Holding Tungsten And Tungsten

In September 26th,

Chinalco

The company and Jiangxi SASAC signed the "Jiangxi rare metal tungsten Holdings Group Co., Ltd. to increase capital and expand the agreement".

This is the further cooperation agreement between the two sides after signing the strategic cooperation framework agreement between China Aluminum Company and the Jiangxi Provincial People's Government in 3 this year.

According to the agreement, after approval by the Jiangxi provincial government, Chinalco will increase its investment and expand its stock.

Jiangtungsten

The holding group makes capital contributions to become its own.

Holding

Shareholder.

Jiangxi province is one of the most important rare and rare earth resources and industrial provinces in China. Jiangwei holding group is a large state-owned solely owned industrial group holding by the SASAC of Jiangxi province. It has initially formed non-ferrous metal industrial plates such as tungsten, molybdenum, bismuth tin, rare earth, nickel cobalt and regenerated metals, and the resources of non-ferrous metal resources owned and controlled by more than 3 million tons of metal.

By the end of 2009, the total assets of Jiangwei holding group were 11 billion 146 million yuan, and sales income was 8 billion 940 million yuan in 2009.

Chinalco will cooperate with Jiangwei holding group to develop rare rare earth resources and invest in developing high technology, competitive products and industries, and extending the industrial chain.

At the same time, Chinalco fully supports and helps Jiangwu holding group's Jiangxi rare earth metal tungsten Group Co., Ltd. and other enterprises listed.

In the next 3-5 years, Chinalco and its affiliated enterprises will invest no less than 10 billion yuan in order to achieve the total revenue of Jiang Wei holding up to 50 billion yuan.

Chinalco has formed seven major business segments: aluminum, copper, rare earth, engineering, mineral resources, overseas development and international trade.

Rare earth is one of the main sectors of China Aluminum Corporation. It is the focus of development of China Aluminum Corporation. China rare earth Co., Ltd., established by Chinalco, has been approved by the state and obtained the business license issued by the State Administration for Industry and commerce.

China Aluminum Corporation is building a rare rare earth basic industry platform with core competitiveness, a national rare rare earth industrial technology platform and a capital market financing platform through structural adjustment, industrial integration and merger and reorganization.