HONG KONG: China's top nickel producer and third-biggest copper producer Jinchuan Group Ltd is seeking a listing for its technology unit this year, after it bought a Hong Kong-listed firm for its overseas resource assets, a top executive said on Friday.
Hong Kong-listed Jinchuan Group International Resources Co Ltd, renamed from Macau Investment Holdings Ltd to reflect Jinchuan's takeover, would serve as a flagship platform for the parent's overseas resource assets, perhaps running its oversas resources in the future, said Yang Zhiqaing, the chairman of the listed firm and Jinchuan Group Ltd.
"We are trying to get the A-share listing (for the technology unit, in China) this year," Yang told a small group of reporters in Hong Kong on Friday, adding that the unit specialized in new materials for new energy.
Jinchuan also aims to seek two separate listings for its metal processing and domestic mining units, Yang said, without providing a timeframe.
Overseas, Jinchuan is studying the details of an investment in the Nonoc nickel mine in the southern Philippines after signing a framework agreement on it in November 2010, its vice president Zhang Sanlin said.
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