China Financial News Headlines

China Nonferrous in Zambia held the convening of Chambishi copper mine in south-east section about the detailed investigation
October 12, 2008, the China Nonferrous Mining Group Co., Ltd. in Beijing organized experts to review the “Copperbelt Province, Zambia Chambishi copper South East detailed investigation of geological ore body design. ” China Nonferrous Mining Group Co., Ltd. Party Secretary, Zhang Keli, deputy general manager, Tao Xing, deputy general manager of the Hong Kong Standard, the color of the African Party Secretary Wang Mining Co., Ltd. to attend the meeting. Headquarters departments responsible for the group, in the colors of the African Mining Limited geological experts to review the members of the expert group, and other peoples also attended the meeting.

Li Zhancheng said about glod: after saving the market which is the direction
After European financial slump continued, Britain, France and Germany announced yesterday, through their respective shares, the capital injection, security and so on, in order to fall into the bitter cold to re-energize the credit market. On precious metals, European countries even hand to save the financial markets, stock markets around the rebound of the U.S. dollar against the euro eased to support the view of the international oil rebounded.

King of British talked about the market: a strong rebound in global stock markets and rise and drop of precious metals mixed
Monday, said the German government it will provide to the inter-bank lending 400,000,000,000 euros security, and will not provide more than 80,000,000,000 euros of new capital to the banking sector Capital restructuring. The British Government announced the Royal Bank of Scotland and the successful completion of the merger of HBOS and Lloyds TSB Bank injected a total of 37,000,000,000 pounds.

Kennedies of iron and steel “discussed industry in Tangshan,” industry event: “hundred schools of thought contend”
Currently international financial crisis is exacerbated by the global trend to hit, so in a period of adjustment China’s economy is bound to accept the more severe challenges, and the industry of macro-economic co-existence and co-prosperity of the iron and steel faced with a complex situation. October 22, Lange Iron and Steel will hold “2008 Forum on Chinese steel market” with the steel industry puzzle and look forward to working with the people, in Tangshan.

Government of the Ganzi Autonomous Prefecture in Sichuan Province and the Bureau of Geology and Mineral Resources in Sichuan Province will join hands to promote Company Listed of Wu Copper
In order to meet Sichuan Copper Company Limited, Wu raised the need to vote, to create the first listed company in Ganzi Autonomous Prefecture. On the morning of Oct. 11,in Ganzi Autonomous Prefecture People’s Government and the Provincial Geology and Mineral Resources Bureau in Kangdinggrand hotel in Chengdu, has a development of cooperation signed Danba platinum nickel framework agreement.

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