SHE:000758

3 stories mentioning SHE:000758Updated just now

Every FINWIRES story that references SHE:000758, newest first.

China Nonferrous Metal Industry Unit Faces Lawsuit for Environmental Permit Suspension in Indonesia

China Nonferrous Metal Industry (SHE:000758) said a subsidiary received a lawsuit in Indonesia that seeks to suspend an environmental permit for mining activities in North Sumatra Province.The court in Jakarta named CNMC Indonesia Darui Mining as a second defendant in the case. Eleven plaintiffs asked the court to revoke the permit, saying it is invalid.The Chinese company said the project's environmental risks have been fully analyzed and have passed expert review.

SHE:000758

Asia82d ago

NFC Subsidiary Secures Lead Exploration Rights for Qinghai Polymetallic Mine

China Nonferrous Metal Industry's Foreign Engineering and Construction (SHE:000758), or NFC, said holding subsidiary Qinghai NFC Mining Development officially obtained the exploration rights certificate for the Harizha polymetallic project in Qinghai, China.The certificate, valid until November 2030, covers 12.6 square kilometers of lead ore exploration, according to a Wednesday filing with the Shenzhen bourse.Qinghai NFC Mining Development acquired the rights through a 214.4-million-yuan auction bid in March.Shares of the mining and metals company closed 2% lower Wednesday.

SHE:000758

Asia87d ago

NFC Tops Selection for $773 Million Mongolia Copper Smelter; Shares Up 10%

China Nonferrous Metal Industry's Foreign Engineering and Construction Co. (SHE:000758), or NFC, secured priority negotiation rights after achieving the highest score in the selection process for Mongolia's copper smelting project, according to a filing with the Shenzhen bourse.The project, owned by Mongolia's state-owned Erdenet Mining and Copper Processing Complex, envisions a 120,000-ton-per-year cathode copper smelter valued at about $773 million.No binding agreement has been signed.Shares of the mining and metals company rose 10% in recent trade.

SHE:000758

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