Metal Products News
- China Metallurgical to take over Huludao
Date: 9-Nov-2007 Sources: (Shenzhen Daily)
CHINA Metallurgical Group Corp. will take a majority stake in the parent of Huludao Zinc Industry Co., the second-largest zinc producer in China.
The government of northeastern Liaoning Province would transfer a 33 stake in the parent of Shenzhen-listed Huludao Zinc to China Metallurgical, according to a Huludao Zinc statement Thursday. The transferred assets are valued at 634 million yuan (US $85.2 million). It includes 300,000 tons of zinc capacity, 100,000 tons of copper capacity, 4 tons of gold capacity, 80 tons of silver capacity and 800,000 tons of sulfuric acid.
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