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Metal miner targets US for investments

Metal miner targets US for investments

Write: Rasmus [2011-05-20]

BEIJING - China Nonferrous Metal Mining (Group) Co Ltd, the country's major metal miner, will launch an investment project in the United States in the first half of next year, marking its expansion into the world's largest economy.

"And if there are opportunities, we will invest more in the US," Luo Tao, general manager of the company, told China Daily. But Luo declined to provide details of the project.

"A government's attitude toward foreign investors is very essential for the success of investment," he said.

"Compared with some developing countries, US investment requirements are high.

"However, the US also needs other countries' support and I believe it will not always reject Chinese investments."

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