WMC formalises China exploration strategy

TAKEOVER target WMC Resources has formed a new joint venture company with China’s largest nickel producer, the Jinchuan Group, to explore for nickel and copper.

WMC formalises China exploration strategy WMC formalises China exploration strategy WMC formalises China exploration strategy WMC formalises China exploration strategy WMC formalises China exploration strategy

The new company will have an initial exploration budget of US$6 million, with the two partners to contribute to funding on a 50-50 basis, focusing on Gansu province.

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