Sino-Minemet Seeks LatAm Mines

Sino-Minemet Seeks LatAm Mines

Asia

Sino-Minemet, a Chinese producer of metallurgical products, alloys and metals wants to expand its LatAm investments. It sees a growing need to invest in mines, instead of simply buying raw materials, Karl Liu, general manager tells LatinFinance. The company is in the process of signing an agreement to invest $20m in a copper mine in Brazil, a joint venture with an undisclosed Brazilian company, to which it has made a 10-year commitment. Sino-Minemet invested $10m in 2005 in a copper mine in Peru

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