VAN vango mining limited

article, page-40

  1. 1,703 Posts.
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    Centrenow the jist of the discussion with Frank re your query:


    Our JV partner for SARCO (NFC-China) is not a shareholder in ORD. The Chinese shareholder in ORD is CNMIM. Yes they are part of the same group but they are totally different and independent of each other. What is important is NFC-China is a confirmed strong believer and driver in the SARCO project’s fundamental value and strategic importance. This is much more important than CNMIM’s 4.2% holding in ORD. There needs to be the distinction between the two. CNMIM is a relatively tiny part of the ORD. NFC-China on the other hand is a major part of the China Non-ferrous Metals group and our majority partner in SARCO

 
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