CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
China Gold International Resources Corp. Ltd. (TSX:CGG) is acquiring China Nonferrous Mining Corporation Limited (HKSE:1258) for HK$155.1 million (CAN$20.4 million).
China Nonferrous is a copper producer based in Zambia focusing on mining, ore processing, leaching, smelting and sale of copper.
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of China.
