Chinalco Yunnan Copper Resources Appoints Xiancheng Wang to Board of Directors
[Click image to enlarge]
Chinalco Yunnan Copper Resources Ltd has now confirmed that all aspects of its A$1.18 million share placement to JCHX Group has now been finalized.
The final step in the process is the appointment, with immediate effect, of Mr. Xiancheng Wang as a non-executive director to the board of CYU.
Mr. Wang is a well-known and highly regarded Chinese businessman and his skills and expertise will be of significant benefit to CYU as it pursues its activities in the Republic of Congo in Africa.
He is the chairman of JCHX Group Co., Ltd and JCHX Mining Management Co., Ltd.
Mr. Qinghai Wang has also been appointed an alternate director to Mr. Xiancheng Wang, with effect immediately.
RECENT FUNDRAISING
The A$1.18 million raised will complement CYU’s aim to acquire copper projects in the Democratic Republic of Congo in Africa that can be brought into production quickly, leveraging lower prices during the cyclical downturn.
JCHX Mining Management Co., Ltd has a long-established business relationship with CYU’s largest shareholder, Yunnan Copper Industry (Group) Co.
Source: (March 16, 2016) Proactive Investors
About Chinalco Yunnan Copper Resources
Chinalco Yunnan Copper Resources Ltd is a resource exploration and development company with project interests in the Mount Isa region of north Queensland.
To stop by Chinalco’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
