Ann: Huayou Cobalt Group Increases Shareholding in AVZ, page-24

Huayou recently revealed two plans:

- USD$147.2m in DRC for PE527 copper project, expected to commence production in September 2019

- investment in Indonesia nickel joint venture, Huayou share is about USD$700m
This US$1.8b JV just received a nod from Beijing


I posted last Tuesday,
In November 2018,
Zhejiang Huayou Cobalt Co. Ltd. said it will provide most of the money needed to set up a $1.83 billion Indonesian nickel smelting project, as mining companies scramble to secure the raw materials that will supply the expected new-energy vehicle boom.

https://www.caixinglobal.com/2018-1...-128-billion-indonesia-project-101341702.html

In December 2018,
Zhejiang Huayou Cobalt Co. Ltd. plans to invest $147.2 million in a copper project in the Democratic Republic of Congo (DRC), deepening the Chinese mining company’s presence in the central African country.
The investment — through a local subsidiary — will be used to develop a project located in the Lukuni region of the southern province of Haut-Katanga, the company said in a filing (link in Chinese) with the Shanghai Stock Exchange on Tuesday.

If lucky, we wanna see the third plan.

Current AVZ market cap: US$63m!