FACTBOX-China's state-owned trading house Minmetals

Chinese state-owned metals trader Minmetals agreed earlier this week to buy Australia's OZ Minerals Ltd (OZL.AX), the world's No.2 zinc miner, for $1.7 billion. [ID:nSYD343183]

Following is information about the company, based on Reuters reports and Minmetals' website (www.minmetals.com.cn)

About Minmetals

China's state-owned Minmetals, founded in 1950, is the country's largest base metal trader, mainly engaged in the mining, smelting, production and trade of basic metals and raw materials. It competes with the other big state-run trader Sinosteel in iron ore and steel.

China Minmetals had sales of 180.9 billion yuan ($26.6 billion) last year, with net profit of 7.1 billion yuan, up from 6.8 billion yuan in 2007.

The company has two listed units -- Minmetals Resources (1208.HK) in Hong Kong, which controls its aluminium business, and Minmetals Development Co Ltd (600058.SS) in Shanghai.

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