五矿董事长讲话（Chairman of Minmetals speech）.doc

五矿董事长讲话（Chairman of Minmetals speech） China week: exploring the growth of central Minmetals stick to innovation June 14, 2012 11:32 Vice president of China Nonferrous Metals Industry Association, China Minmetals Corp party secretary, President Zhou Zhongshu In recent years, Chinese metal mining enterprises to go out craze, the China Minmetals Corp also seize the opportunity to accelerate the internationalization development. In the business field of nonferrous, copper, aluminum, zinc and other domestic shortage of resources as the focus, the successful operation of a series of overseas acquisitions, globalization operation strength has improved significantly, and exercise a internationalization in the fierce market competition of the operations team, and accumulated valuable experience in international. Focus strategy to seize opportunity Since 2005, Chinas domestic security strategic mineral resources, low degree of external dependence is serious based on the fact that China Minmetals put forward important measures of strategic transformation. Actively extend the industrial chain, accelerate overseas resources acquisition. Strategic direction once identified, will remain the focus of attention, is not about short-term market volatility, not affected by the individual project frustrated. In 2004, China Minmetals proposed acquisition of Canadian Noranda mining, the amount of money involved about $6 billion, due to the restriction of many objective factors, ultimately failed. But China Minmetals resources acquisition overseas determination not to cut, but took the opportunity to exercise the operation of the project team, and the successful operation of the follow-up project to the acquisition of the North Peru Coppe Inc, Germany HPTEC companies. In 2011, Minmetals proposed to $6 billion 300 million bid for the international copper miner Equinox, after the initiative to withdraw, but the company did not stop to layout in Africa, and in this year through the acquisitio