Minmetals ponders Marampa investment

Metals trader China Minmetals said on Friday that it was conducting research on a London Mining iron ore project and has not signed any cooperation deal for the same.

The company made the statement in response to the UK iron ore developer's claim that it had held talks with Chinese commodity trading companies over the project.

London Mining said on Friday it held talks with China Minmetals and Sinosteel Corp, China's largest iron ore trader, as well as China National Railways for its Marampa project in Sierra Leone.