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Jinchuan Group gets accustomed to Central Asia

Chinese producer of nonferrous metals Jinchuan Group intends to increase nickel output by 2015 to 200 thousand tons (in 2009 — 130 thousand tons.)., And copper — up to 600 thousand tons, but for a shorter period -. Two years. To implement such an ambitious plan Jinchuan Group wants through the acquisition of exploration and mining projects outside China.

«Jinchuan Group is looking for the nickel deposit in Indonesia, the Philippines, Vietnam, Canada, Cuba, South Africa, Australia and investing in copper projects in Chile, Peru, Kazakhstan, the Philippines," — said the Haizhu Wang (Wang Haizhou), President of the Jinchuan Group.

According to him, Jinchuan Group prefers to focus on the acquisition of assets in China's neighboring regions, such as Southeast and Central Asia in order to reduce transport costs for delivery of raw materials. Currently, Jinchuan Group is in talks to acquire nickel project in Vietnam and copper in Kyrgyzstan.

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