On September 23, China Minmetals Corporation and Jiangxi Copper Corporation signed a strategic cooperation framework agreement in Guixi of Jiangxi Province. He Wen, Chairman of Minmetals, and Li Baomin, Chairman of Jiangxi Copper, signed the agreement and delivered speeches on behalf of the two parties. The signing ceremony was presided over by Long Ziping, Vice Chairman of Jiangxi Copper Corporation and General Manager of Jiangxi Copper Company Limited. Deputy General Managers of Jiangxi Copper Company Limited Dong Jiahui, Wu Jimeng, and Wu Yuneng attended the signing ceremony.

Under the agreement, the parties will be committed to long-term, stable and mutually beneficial cooperation in copper trade, overseas resource development, and technical exchanges and support by bringing into full play their respective advantages on the principle of joint development and sharing.

In his speech, He Wenbo said that he was very excited to pay a visit to Jiangxi Copper for study. As an outstanding representative of the world’s copper industry, Jiangxi Copper is an example for Minmetals to follow. Originally a trade-oriented enterprise, Minmetals has achieved development driven by resources and trade over the past decade through promoting strategic transformation. By far, its total assets have soared to RMB 400 billion. Among them, investment in the metal and mineral area represents 70%, and overseas investment represents 40%. Despite its rapid development in recent years, Minmetals must constantly learn new ideas, new technologies and new methods from other enterprises to seek greater development in the future. Minmetals is also plagued by some difficulties and problems in its development as a result of the impact of the current global economic downturn. Some of them cannot be solved by Minmetals alone, but call for in-depth cooperation with peer companies. Both forerunners in China’s reform and opening up in the 1980s, Minmetals and Jiangxi Copper share common visions, common culture and common aspirations. Therefore, more areas of cooperation should be explored. In industry management, benchmarking and upgrading, Minmetals should take Jiangxi Copper as a benchmark, regularly carry out learning and exchanges in more forms and more ways, and take the signing of this agreement an opportunity to further promote bilateral cooperation. In the future, Minmetals will intensify its investment in overseas markets, devote more talented personnel, build much broader networks, establish much closer ties with major regions of the world, lead and help more Chinese enterprises to “go global” by “going global” itself, so as to effectively fulfill its responsibilities and missions entrusted by the State.

Li Baomin extended his warm welcome and gratitude to He Wenbo for his high appreciation of Jiangxi Copper. He said that He Wenbo has come all the way to visit Jiangxi Copper, showing that Minmetals has treated Jiangxi Copper as an equal, which is respectable. Under the current circumstances, peer companies should abandon the outdated concept of “peer is the enemy” and embrace the attitude and philosophy of mutually beneficial cooperation. Minmetals takes a well known position in the industry, and serves as a role model to many Chinese enterprises in terms of “going global”, especially in foreign resource development and access. In the copper industry, Jiangxi Copper is a large enterprise with high efficiency and good abilities to guard against risks. Particularly, it has extensive experience and unique advantages in mining smelting, processing and operational management, and technological innovation. Therefore, the best way for Jiangxi Copper to seek future development is to expand and deepen cooperation with Minmetals. Apart from the strategic cooperation in “going global”, the parties can also strengthen cooperation in mining exploration, smelting, processing, technology, trade, logistics, finance and other fields. He pointed out the promising and broad prospects for cooperation between Minmetals and Jiangxi Copper and wished bilateral cooperation more and greater achievements.

Then, in the presence of guests from the two parties and on behalf of Minmetals and Jiangxi Copper, He Wenbo and Li Baomin signed the strategic cooperation framework agreement.

On the morning of September 23 and on the afternoon of September 22, He Wenbo paid a visit to Guixi Smelter and Dexing Copper Mine under Jiangxi Copper Corporation in the company of Li Baomin, and had exchanges and discussions with production line workers.

Jiao Jian, Assistant General Manager of China Minmetals Corporation and General Manager of China Minmetals Non-ferrous Metals Co. Ltd.; Zhang Ye, Director of General office & Party Group Office & Board Office; Yu Bo, General Manager of Financial Division of Minmetals; Jin Xiaoguang, Deputy General Manager of China Minmetals Non-ferrous Metals Co., Ltd.; Chen Yunian, Director and Chen Pinghua, Party Committee Secretary of Guixi Smelter, of Jiangxi Copper Company Limited; Zhou Ben, Party Committee Secretary of Dexing Copper Mine; Jiang Jianfan, Director of GM Office, Hu Jinhua, Director of Party Committee Office and Jiang Jiyun, General Manager of Corporate Governance Department, of Jiangxi Copper Company Limited; were also present at the these activities.