Daye Nonferrous expands capital for industry leader

Daye Nonferrous Metals Co., Ltd. (Daya Nonferrous) in central China's Hubei province has just expanded its capital so as to build itself into a leader in China's nonferrous metals industry that boasts annual output value of up to 100 billion yuan.  
   
After capital expansion, the company has a registered capital of 2.952 billion yuan. Its main shareholders include Daye Nonferrous Metals Company, China Cinda Asset Management Co., China Huarong Asset Management Co., China Construction Bank (CCB) Hubei Branch, China Yangtze Power Co., Ltd., and Hubei State-owned Asssets Supervision and Administration.   
   
In June this year, China Yangtze Power Co., Ltd. (600900.SH, subsidiary of China Three Gorges Project Corporation) invested one billion yuan in Daya Nonferrous, with the aim to double the latter's resource reserve by 2010.   
   
Daye Nonferrous is mainly engaged in such business areas as mining, oredressing, copper smelting, precious metals, waste heat generating, comprehensive recovery, scientific research and designing and geological prospecting, with major products including blister copper, cathode copper, copper concentrate, sulphuric acid, gold and silver.   

The company is currently accelerating its reorganization with the goal of going public in 2010.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.