Western Mining considers resource purchase
Western Mining Co, a Chinese metal miner that has almost doubled in value since its Shanghai trading debut in July, is consider buying additional resources from its parent, the Shanghai Securities News reported. Assistant president Zhang Shanxuan told a press conference in Shanghai Sunday the company was considering buying resources of economic value from its parent, Western Mining Group Co, as part of its development strategy. He did not elaborate. Headquartered in Xining, Qinghai Province, the company is principally engaged in the mining, smelting and trading of base metals, including zinc, lead, copper and aluminium. It operates four ore mines, including one lead-zinc mine, one silver mine and two copper mines.