Minmetals turns to Mauritania for ore supplies

BEIJING - China Minmetals Corporation, the nation's largest metals trader, is considering iron ore mining projects in the Western African nation of Mauritania to further diversify its raw material sources.

Xu Siwei, vice-president of Minmetals, said on Thursday that the company has started due diligence of the iron ore projects in the Western African nation and expects to clinch an agreement soon.

No other details regarding the investment were immediately available.