September 07, 2008

Minmetals to forge world class logistics unit

It is reported that China Minmetals Logistics Group Co Ltd’s Minmetals Shipping & Forwarding Co Ltd was officially set up in Beijing.

As reported, China Minmetals Logistics Group Co Ltd has a registered capital of CNY 100 million with Minmetals Development Co Ltd and China National Mineral Co Ltd taking 94.8% and 5.25 shares respectively. The logistics group will focus on metals & minerals industrial value chain provide storage, transportation of ferrous and non ferrous metals, non metal minerals and other bulk cargo as well as equipments.

Mr Zhou Zhongshu president of Minmetals said they aim to foster China's largest and world class metals & mineral logistics corp.

Mr Xu Qiangguo chairman of Minmetals said the company is learned to be open to introducing in more and diversified strategic investors in future.