Northwest Nonferrous International Investment Company
Northwest Nonferrous International Investment Company Ltd. is the wholly-owned subsidiary established by Northwest Mining and Geological Exploration Bureau for Nonferrous Metals in April 2007, which is specialized in the exploration, development, investment and project cooperation of overseas mineral resources. In 2009, in order to build the geological exploration new system adapting the new situation of market economy, and enhance the core competitiveness of geological prospecting, Northwest Mining and Geological Exploration Bureau for Nonferrous Metals reconstructed to establish Northwest Mining and Geology Group Co., Ltd for Nonferrous Metals according to the requirement of Shaanxi provincial government. In August 2008, Northwest Nonferrous International Investment Company Ltd. established the NWII Australia Company, and signed cooperative agreement with Australia RNG company, to obtain 49% equity of the company in gold exploration area of 800 square kilometers with the investment through eh fund, technology and others; and in November 2009, NWII held Lennard Shelf lead-zinc mine project owned by Australia Meridian Minerals Limited successfully, and obtained 45.45% shares of the project, and as the first majority shareholder, NWII assigned the executive director to participate in the daily management and operation, decision making, implementation of exploration plan and others of the company in 2010. In December 2010, NWII reached an agreement with Australia Xieli Metal Co., Ltd., to subscribe 1.05 billion of ordinary share placed by the company, obtain 48.7% shares of the company, and obtain 1.05 billion of share option placed by the company, and then NWII will obtain 51% shares of the company after exercising.