Financial Times FT.com

Noranda pursues link-up in China

By Bernard Simon in Toronto and Francesco Guerrera in Hong Kong

Published: March 10 2005 02:00 | Last updated: March 10 2005 02:00

Noranda, the Canadian base metals producer, is pursuing a partnership with Minmetals, the Chinese state-owned group, to obtain Chinese participation in mining projects in exchange for an assured supply of metals.

The partnership, described by Noranda as a "strategic alliance", would supersede discussions over the past nine months on Minmetals' acquisition of a controlling stake in Noranda.

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