FALAH GROUP is already in discussion with China Minmetals Corporation for entering as JV Partner-cum-Operator for a proposed REKO DIQ MINING PROJECT.
China Minmetals Corporation (CMC) is a Chinese metals and trading
company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel. CMC was established in 1950, and presently working in 34 countries and regions worldwide. The company handles more than 12 million tons of steel products annually.
In the United States, the company operates as Minmetals Inc., with its North American headquarters located in Weehawken, New Jersey, US. It is a member of the United Nations Global Compact’s LEAD, a new platform established in January 2011 for corporate sustainability leadership.
(Last Fiscal Year)
As per FORTUNE 500 listing of July 20, 2017 for the Global Corporate giants.
China Minmetals Corporation ranks 120th.
Reason of Fame : Reko Diq, which means sandy peak in Balochi language, is also the name of an ancient volcano. Reko Diq Mine is famous because of its vast Gold and Copper Reserves and is believed to have the world’s 5th largest gold deposit.
Estimated Reserves : Recent estimates by various geological organizations, including the US Geological Survey, put the value of the entire block between two to three trillion US Dollars. Some geologists contend that this is a low-end estimate as it does not take into account ‘rare earth metals’ essential to new fields such as nanotechnology and semiconductors.