Word: monterrico
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Dates: during 2008-2008
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...miners have ambitions beyond China's borders. Zijin, China's leading gold miner, last year purchased a company with gold-mining and exploration rights in Tajikistan and a stake in a Philippine gold and copper project. Zijin also led a consortium that bought a majority stake in London-listed Monterrico Metals, which owns a copper and molybdenum project in Peru. "All the big mining groups started this way," says Atherley, the Australian mining-company executive. "They get a good mine and they start acquiring. It is really down to corporate fate. That's the only thing stopping Chinese groups." Says...
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