China and KGHM Polska project

China and KGHM Polska project

China Minmetals joins forces with world's number six copper supplier
17 hours ago

BEIJING (AFP) — China Minmetals Corp, the nation's largest metal trader, has joined forces with the world's sixth-biggest copper supplier to develop new mines across the globe, state media said Thursday.

Minmetals and KGHM Polska Miedz SA of Poland have signed a framework agreement to develop copper mines in China, Poland and other countries, the China Daily reported.

"The move is expected to combine KGHM's expertise in copper development and manufacturing with Minmetals' advantages in capital and sales channels," the Chinese company said, according to the paper.

One of the first projects the two companies will look at is a new non-ferrous metal mine in north China's Inner Mongolia region, the paper said.

Copper demand from China has global implications because it is the world's largest consumer of the metal.

Chinese firms to build Polish expressways

Chinese firms to build Polish expressways
By Lu Haoting (China Daily)
Updated: 2007-09-12 10:46


Nearly 40 private Chinese companies, led by China International Industry and Commerce Co Ltd (CIIC), are likely to build expressways worth 20 billion euros in Poland as the Eastern European country modernizes its infrastructure.

CIIC, a leading real estate company in Beijing, yesterday signed a letter of intent for cooperation with the Polish Ministry of Transport to participate in Poland's road transport modernization.

Poland is carrying out a massive campaign to improve its poor road transport system. It will build 1,700 kms of road and 2,500 kms of expressway in seven years.

On behalf of our government, I sincerely send out my invitation to Chinese enterprises and hope China would participate in this modernization campaign," Jerzy Polaczek, Poland's minister of transport, said at the signing ceremony. "We hope our business partnership agreement will take effect very soon."

CIIC plans to set up a joint venture company with other Chinese private firms to participate in the expressway projects in Poland, said Wang Tianyi, CIIC's president.

"About 38 companies have expressed interest in joining us," Wang said.

Poland's road transport system modernization is mainly funded by the European Union and the Polish government. The EU will increase its aid to Poland from 2 percent of the country's gross domestic product to 4 percent between 2007 and 2013, according to Euromonitor International. The funds are part of the EU Structural and Cohesion Funds aimed at improving transport infrastructure, regional development, education and environment.

Founded in 1988, CIIC has total assets of 9.8 billion yuan (US$1.3 billion). Its business covers real estate development, property management, hotels, industrial park development and information security management. It wholly owns the five-star Presidential Plaza Hotel in western Beijing.

CIIC is also making forays into other Eastern European countries. It signed a letter of intent on Monday to build a 40-story commercial building in Romania, one of the tallest structures in Eastern Europe.

Bilateral trade between China and Poland reached US$4.67 billion in 2006, rising 48.2 percent over the previous year, according to figures from the Chinese Ministry of Commerce.

Polish President Lech Kaczynski Monday that Poland is glad to promote relations with China.

WARSAW, Sept. 10 (Xinhua) -- Polish President Lech Kaczynski Monday that Poland is glad to promote relations with China.

　　Kaczynski made the remarks when receiving thecredentialspresented by new Chinese Ambassador to Poland SunRongmin.

　　He said the growth of the Poland-China relations is good.ChinesePresident Hu Jintao, Chairman of the Standing Committee ofChinasNational Peoples Congress Wu Bangguo visited Polandconsecutively,and China and Poland worked more closely together ona broad rangeof issues relating to political, economic and manyotherfields.

　　He believed this kind of cooperation would befurtherstrengthened.

　　Saying Poland is glad to promote Poland-China andEurope-Chinarelations to higher levels, the president alsohighlighted the goodpretions for the Olympic Games in Beijing in2008 and wished theOlympic Games hosted in Beijing a completesuccess.

　　Sun Rongmin said China attached importance to developingfriendlycooperative partnership relations with Poland, and wasready towork with Poland to push forward the bilateral relations inallfields.

Polish President Lech Kaczynski said on Monday that Poland is glad to promote relations with China.

Polish President Lech Kaczynski said on Monday that Poland is glad to promote relations with China.

Kaczynski made the remarks when receiving the credentials presented by new Chinese Ambassador to Poland Sun Rongmin.

He said the growth of the Poland-China relations is good. Chinese President Hu Jintao, Chairman of the Standing Committee of China's National People's Congress Wu Bangguo visited Poland consecutively, and China and Poland worked more closely together on a broad range of issues relating to political, economic and many other fields.

He believed this kind of cooperation would be further strengthened.

Saying Poland is glad to promote Poland-China and Europe-China relations to higher levels, the president also highlighted the good preparations for the Olympic Games in Beijing in 2008 and wished the Olympic Games hosted in Beijing a complete success.

Sun Rongmin said China attached importance to developing friendly cooperative partnership relations with Poland, and was ready to work with Poland to push forward the bilateral relations in all fields.