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Home PRESS RELEASE Industry Tendency Russian MBC Corporation Intends to Cooperate with Chinese Companies for Lead Zinc Ore Exploitation

Russian MBC Corporation Intends to Cooperate with Chinese Companies for Lead Zinc Ore Exploitation

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Russian MBC Corporation Intends to Cooperate with Chinese Companies for Lead Zinc Ore Exploitation

It is reported by Interfax that, Russian MBC Corporation intends to attract Chinese investors to exploit the Lead Zinc Ore in Russia, and the total investment amount is estimated to USD 1 billion. At present, they are negotiating with China Metallurgical Group Corporation (MCC) and China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd.

CEO of MBC Corporation said that, Sweden – Canada Lundin Mining Company had sold out 49% of MBC Corporation’s shares during the Financial Crisis in 2009. Now, MBC Corporation intends to sell these shares to Chinese investors. Russian MBC Corporation established MBC Resources in 2007, and it is mainly in charge of the exploration of Zinc Ore. It has mastered 47% of zinc ore resource and 24% lead ore resource in Russia. After the establishment of this object, the exploit amount is estimated to be 740 thousands ton per year and 110 thousands ton per year.

 

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