Key developments for Baiyin Nonferrous Metal (Group) Co.,...

Key developments for Baiyin Nonferrous Metal (Group) Co., Ltd.
Baiyin Nonferrous Plans IPO
03/10/2011
Baiyin Nonferrous Metal (Group) Co., Ltd. intends to float shares on the Shanghai Stock Exchange in 2011 in order to raise capital for overseas mining investment; the China Daily reported quoting Chairman Li Peixing. He stated that Baiyin Nonferrous is expected to submit an initial public offering (IPO) prospectus to China's securities regulator around June. The company has raised CNY 3 billion from local mining companies in the Tibet Autonomous Region and Shaanxi and Gansu provinces in a pre-IPO share sale.

Baiyin Nonferrous Mulls Acquisitions
09/9/2009
Baiyin Nonferrous Metal (Group) Co., Ltd. said that the company plans to double its production capacity to 650,000 tones in 3 years. Baiyin Nonferrous, which is 49% owned by CITIC Group Company, said that the company will use CITIC as a platform for overseas mining acquisitions. We want to use CITICs overseas project experience to speed up our overseas and domestic mining project development, said Baiyin Nonferrous Chairman, Li Peixing