The Swiss better watch out the Chinese are surrounding them -...

The Swiss better watch out the Chinese are surrounding them - Chinalco own CYU - MMG are up the road at Dugald River - And Sinosteel are increasing their stake in Cudeco.


"44 "key enterprises" managed by the Central Government."


China Minmetals Corporation was established in 1950. It is a large international group, producing and trading metals and minerals. Meanwhile it is also engaged in finance, real estate, shipping, bidding and tendering and investment. In 1999, Minmetals was listed among the 44 "key enterprises" managed by the Central Government. In 2006, Minmetals' total revenue reached over US $18.90 billion, half of which was contributed by manufacturing sections, and over 19million tons of steel products were traded


Aluminum Corporation of China (CHINALCO), an investment management and holding company authorized by the state, is a backbone state-owned enterprise


Sinosteel Corporation abbreviated as Sinosteel is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 86 subsidiaries under the administration of Sinosteel, among which 63 are in China and 23 abroad.