CHINA Eyes Mining Deals
Filed under: General News
Written by Max V. de Leon / Reporter
WITH China’s economy again showing signs of robust growth, Beijing is now encouraging Chinese firms to aggressively pursue mining projects in the Philippines to support its projected hike in demand for minerals and metals, Zhengping Wu, economic and commercial counselor of the Chinese Embassy in Manila, said.
Taking the cue from their government, Chinese companies have started to show renewed interest for mining projects in the Philippines, with Jinchuan Group Ltd. reportedly resuming talks with Philnico Industrial Corp. for the reopening of the Nonoc nickel mines. Related story in “Regions,”
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