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Trafigura Jinchuan Refinery Stake

  • Date Submitted: 02/26/2014 06:12 PM
  • Flesch-Kincaid Score: 34 
  • Words: 462
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Rostock ( Singapore ) Pte Ltd (Trafigura) ( hereinafter called » Trafigura » ) just lately announced that it’s agreed to purchase copper smelter Jinchuan Group, 30% on the shares . This smelter can be a wholly owned subsidiary of Guangxi Jinchuan Jinchuan Group company .
Foreign corporations are quietly took in excess of some of China ‘s non-ferrous enterprises.
Commodities giant Trafigura ( Singapore ) Pte Ltd (Trafigura) ( hereinafter called » Trafigura » ) today announced that it’s agreed to acquire copper smelter Jinchuan Group’s 30% stake . This smelter is actually a wholly owned subsidiary of Guangxi Jinchuan Jinchuan Group business .
A couple of days in the past , Rostock chairman Claude Dauphin specific trip to Guangxi Fangchenggang , with Jinchuan Group Chairman Yang Zhiqiang met and signed a » joint venture contract .» As well as the contract cited Rutuo Ke stake in Guangxi Jinchuan , also consists of a lot of years of the two supply and offtake contracts.
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Guangxi Jinchuan company was incorporated in 2010 in Fangchenggang City , can be a matter of 400,000 plenty of copper smelting project . » The complete investment of the task total system of about 300 billion yuan, the development of the venture in 3 phases , starting in October last yr into one particular from the ignition operations .» February 25 , the company’s office in charge of the case appropriate to your «First Economic Daily» reporters mentioned .
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To the similar day , the wealthy treasure copper market analyst told this reporter that Trafigura is often a giant commodities , can boost their very own to obtain the downstream field chain layout. » White Jinchuan can get through the supply chain , to attain relatively efficient product or service processing and advertising and marketing .»
From your perspective of Jinchuan Group , cited Rutuo Ke will broaden its position in the market .
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