Caixin OnlineFinance & EconomicsTop Stories Finance After Year of Talks, Sichuan Miner Still No Closer to Greenland Deal
11.06.2012 18:38

After Year of Talks, Sichuan Miner Still No Closer to Greenland Deal

Xinye Mining Investment was said to be close to a deal with a British company late last year, but negotiations drag on
By staff reporter Pu Jun

(Beijing) – One year has passed, but London Mining Plc. still has not tied the knot with a Sichuan miner that like many of its Chinese rivals wants to take advantage of Arctic mineral resources.

Sichuan Xinye Mining Investment Co. was still negotiating with London Mining and Greenland's state resource department over issues including employment of Chinese workers at the site, the firm's supervisory board chairman Tan Qizhong said on November 5.

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