Minmetals may benefit from Chile mining deal

Subsidiary to join hands with Shunde Rixin for iron ore imports

China Minmetals Corporation, the country's largest metals trader, said yesterday it plans to cooperate with a Guangdong-based private company to develop iron ore mines in Chile.

The company confirmed an earlier media report saying that Minmetals' subsidiary, China Minmetals Zhuhai Import and Export Trading Co Ltd, signed an agreement with Shunde Rixin Development Co Ltd to import and market iron ore from Chilean mines owned by Rixin.